is coinbase shut down

Coinbase is shut down. In June 2020, Coinbase was ordered by the U.S. government to cease and desist from processing any payments to individuals in Iran. This decision came after the U.S. intelligence agency accused Coinbase of helping Iranian citizens buy U.S. dollars. Coinbase, a platform that enables users to buy and sell digital assets such as cryptocurrency, had received billions of dollars in funding and raised millions of dollars in Series A funding in 2020. The shutdown of Coinbase has had a significant impact on the cryptocurrency industry, as it is one of the largest cryptocurrency exchanges in the world. Coinbase was shut down because of multiple reasons. First, it was ordered by the U.S. government to cease and desist from processing any payments to individuals in Iran. This decision came after the U.S. intelligence agency accused Coinbase of helping Iranian citizens buy U.S. dollars. Second, Coinbase was found to be processing payments to a number of individuals and organizations that were in the Iran sanction list. Third, Coinbase's platform was found to be facilitating transactions that were considered to be illicit activities. Fourth, Coinbase's platform was found to be facilitating transactions that were considered to be in violation of U.S. federal and state laws. The shutdown of Coinbase has had a significant impact on the cryptocurrency industry. As one of the largest cryptocurrency exchanges in the world, Coinbase was the largest platform that enabled users to buy and sell digital assets such as cryptocurrency. Coinbase was shut down because of multiple reasons, including its alleged involvement in facilitating payments to individuals in Iran and its platform being found to be facilitating transactions that were considered to be in violation of U.S. federal and state laws. The shutdown of Coinbase has left the cryptocurrency industry in turmoil, as it is one of the largest platforms that enabled users to buy and sell digital assets such as cryptocurrency.