Coinbase CEO highlights the need for reviewing digital currency acceptance amid challenges. Suggestions include using a blacklist and automated data checks.
Brian Armstrong, CEO of Coinbase exchange, announced on social media platform X that due to the creation of about one million new tokens per week, the exchange needs to reevaluate its process of accepting digital currencies. He emphasized that evaluating each of these tokens and obtaining legal approval for each one is practically impossible. Armstrong suggested using a blacklist instead of a whitelist and implementing automatic data checks. These statements come after Coinbase recently faced challenges in processing withdrawals due to a sudden increase in coins on the Solana (SOL) network.
