Governments across the globe are getting more interested into the cryptocurrency sector post the announcement of U.S. Strategic Bitcoin Reserve by President Trump, claimed CEO of Coinbase, Brian Armstrong. He also stated that Coinbase is getting involved with several government entities in and outside U.S. ever since the news broke out of setting up of reserve.
In the recent tweet Armstrong posted on X, he stated that Coinbase works with 145 U.S. government organizations and 29 international organizations. These bodies require custody, trading, and blockchain infrastructure, which the exchange offers to assist them in embracing crypto safely.
The creation of the U.S. Strategic Bitcoin Reserve has attracted a lot of attention, and other departments are also considering using digital currencies in their financial systems. Additionally, the historic crypto summit at The White House also made governments across the globe take notice of the rising popularity of cryptocurrencies.
Armstrong also pointed out that Coinbase has recently managed to get registered with the Indian Financial Intelligence Unit (FIU), which is a major step toward the resumption of the company’s activity in the country.
As the crypto market continues to expand in India, Coinbase sees a good chance to expand its market share. It is not only the exchange that is interested in Bitcoin; governments are also considering blockchain as a tool for secure transactions, records and financial management.
Currently, Coinbase is still actively involved in supporting government institutions through portfolio management, due diligence, and technological assistance. Coinbase also aims at recruiting 1,000 employees in 2025, which is a clear signal of the company’s confidence in the crypto industry and the regulatory environment.
Also Read: Coinbase CEO to hire 1000 Workers amid Trump’s Pro Crypto Policies
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