Armstrong says they want to help governments guard, exchange and use cryptocurrencies. Governments are associated with Coinbase for being «the most reliable name» in the sector. The CEO of Coinbase, Brian Armstrong, revealed that his company collaborates with about 150 government agencies to help them adopt Bitcoin (BTC) and get involved in the cryptocurrency ecosystem. The initiative covers government entities both in the United States and abroad. Vía X, the manager, who recently participated in the White House cryptocurrency Summit, explained that Coinbase, the largest cryptoactive exchanges in the United States. supports 145 government entities at the federal, state and local level in that countryin addition to 29 organisms outside its borders. The objective is to guide them in custody, exchange and use of cryptocurrencies. Armstrong pointed out that the interest in this ecosystem has grown since last March 6, Donald Trump signed the executive order to establish the United States Bitcoin strategic reserve. According to the executive of the only exchango that quotes in the stock market in the USA, «we would like to help everyone guard, exchange and use cryptocurrencies, including governments around the world.» The CEO urged any representative of a government institution interested in contacting the Coinbase team to start the process. In a post on the company's blog, it was detailed that they support these entities With regulated, safe and integral solutions to manage and safeguard digital assets. Coinbase stressed that leading governments and institutions are associated with them for being «the most reliable name in the cryptocurrency ecosystem.» They added: «We gain that distinction when we adhere to a strict set of principles and provide our clients with the complete support set and solutions they need to browse with confidence by the panorama of cryptocurrencies.» In that sense, the company He underlined his role as a strategic ally. “We are a holistic partner for our government clients. In addition to negotiation and custody, we offer portfolio and treasury management, due diligence, continuous training and much more ”. «We commit ourselves to help governments understand the structure of the market, implement technical solutions and effectively manage cryptonomy risk,» Coinbase said in his statement. The announcement comes at a time when government interest in cryptocurrencies intensifies. Trump's executive order, signed a week ago, It marked a milestone by formalizing the creation of a strategic Bitcoin reserve. Armstrong indicated that this measure has generated curiosity in other countries. The collaboration of Coinbase with government agencies seeks to facilitate the transition to a financial system that incorporates cryptoactive. The company, founded in 2012, It is positioned as a bridge between traditional institutions and the digital world.
Coinbase, the largest Cryptactive Exchange in the USA, supports 145 government entities at the federal, state and local level in that country. Source: Coinbase.
Governments approach Bitcoin
Armstrong and Coinbase's signaling on their support for government entities to involve them in the cryptocurrency ecosystem occurs in a context where several governments have already shown interest in this area. El Salvador stands out as a pivotal case. In 2021, that country adopted Bitcoin as legal tender (although it ceased to be due to the pressures of the International Monetary Fund). Salvadoran authorities, through the National Commission of Digital Assets (CNAD), They have offered advice to other Latin America nations. Paraguay is a recent example. This week it was known that the CNAD gave inductions to Paraguayan officials to regulate the cryptocurrency sector, and even signed an agreement in that regard. In addition to Paraguay, El Salvador has extended its support to Argentina. Last year, the CNAD and the National Securities Commission (CNV) of that country sustained meetings to discuss Bitcoin and also signed an agreement to develop the cryptocurrency industry in the South American nation, as cryptootics reported. For its part, the United States government has also taken steps in this direction. In January, he issued an executive order that created a working group on cryptocurrencies. The second order, last week, formalized the Bitcoin reserve. Both movements, reported by this means, They show a sustained interest in the sector among countries.
The case of El Salvador has inspired other nations. His experience as a pioneer in the adoption of Bitcoin has served as a model. Advice to Paraguay and Argentina show how a small country can influence the region. Meanwhile, Coinbase participation with governments amplifies this trend.
El Salvador and Paraguay signed an agreement this week. Source: Seprelad.gov.py.
Which countries are working with Coinbase?
Coinbase operates in several dozen countries. The company has obtained licenses and permits to function in nations such as Argentina, Spain, the Netherlands, India, Canada, the United Kingdom, Australia, Singapore, Japan, Mexico, Colombia, Chile, Peru and Brazil, among others. Although Armstrong did not specify which of these countries collaborate directly with Coinbase To adopt Bitcoin, Exchange's global operations suggest that possibility. The presence of the company in these markets facilitates access to cryptocurrency services for interested governments. The list of countries where Coinbase has operations reflects its international scope. This deployment positions Coinbase as a central actor in the expansion of cryptocurrencies. Armstrong's message, combined with this network, points to a future where Bitcoin could explore more governments. The approaches between governments and Coinbase mark a turning point. The adoption of cryptocurrencies by public entities could transform global finances. Bitcoin, initially seen as a niche tool, gain ground in the institutional sphere.
The collaboration with a company like Coinbase, which offers experience and security, reduces barriers so that governments enter this ecosystem. However, questions arise. How will states balance innovation with regulation? What impact will this have on monetary sovereignty? The road just begins, but the growing interest suggests that cryptocurrencies could cease to be an alternative to become a pillar of the world financial system.