Coinbase Allegations Put Corporate Bitcoin Oversight in Focus
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Onramp CEO Michael Tanguma argues that corporate bitcoin adoption depends on clear accountability for control, transfers and verification of holdings.
Allegations involving Coinbase have brought attention to gaps in corporate bitcoin governance, according to an argument by Onramp CEO Michael Tanguma published by CoinDesk.
Tanguma says companies need to demonstrate who controls their bitcoin and who has authority to approve transfers. His argument places internal accountability at the center of corporate adoption.
He also argues that businesses must be able to verify that their holdings remain in place. Without clear answers on control, authorization and verification, Tanguma expects corporate bitcoin adoption to stall.
Source: CoinDesk
