We Could Shut Down ETH Staking Under Regulatory Threat
EthereumMaaari Naming I-shutdown ang ETH Staking Sa ilalim ng Regulatory Thret08 / 18 / 2022Balita ng Ethereum ng Bitcoin Brian Armstrong, CEO of the American crypto exchange Coinbase, responded on Thursday to a hypothesis raised on Twitter, where he said his company would shut down its Ethereum validator node if regulatory authorities mandate U.S.-based exchanges to censor Ethereum mga transaksyon. Armstrong Opts For Shutting Down ETH Staking The hypothesis was raised on Sunday by Lefteris Karapetsas, CEO of open source portfolio tracker Rotkiapp, who tagged several crypto-based entities, Coinbase inclusive. In his hypothesis, Karapetsas raised two options. The options were whether these organizations would comply with regulatory authorities in censoring Ethereum transactions, or shut down the Ethereum staking service altogether. While the matter is only an assumption, Armstrong went for the latter option, believing that shutting down his companys node will be a protection for the blockchain network at large, saying that he is focusing “on the bigger picture”. It is noteworthy that a shut down of this kind will also affect the companys recently launched ETH staking service for institutional users on its platform in early August. In his comment, however, the Coinbase boss proved optimistic, as he added that “some better option (C)” might