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US securities regulator sues cryptocurrency platform Coinbase

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NEW YORK: US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities exchange venue exposed investors to risk.

In filing a complaint in federal court, the Securities and Exchange Commission said Coinbase's failure to register "has deprived investors of significant protections, including inspection by the SEC, record-keeping requirements, and safeguards against conflicts of interest, among others," the US agency said.
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