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A comment on Tell HN: Coinbase now requires physical address of recipient in crypto transfers. Parent comment

Re:Tell HN: Coinbase now requires physical address of recipi... by danans on Friday June 24, 2022 @02:16PM (#31866983)
> In return you gain convenience and the security of something backed by the US government.

Crypto holdings in Coinbase are backed by the US government? By what mechanism?

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