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Regulation
New Jersey Lifts Three-Year Ban on Coinbase Staking Services
(1 day ago) · 1 source · Summarized by CryptoBipto
New Jersey has ended its ban on Coinbase's staking services after approximately three years. The state had previously restricted Coinbase from offering staking products to its residents. The decision marks a shift in the state's regulatory approach to crypto staking.
WHY IT MATTERS
Staking is a way for people who hold certain cryptocurrencies to earn rewards, somewhat like earning interest on money in a savings account.
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SOURCES
- beincrypto.com
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