Coinbase UK CEO Zeeshan Feroz is working to accomplish a crypto revolution beneath hesitant bankers at a town torn above Brexit. Last week, he also left a speech on blockchain’s capacity to connect with the unbanked and reconstruct the whole financial system. Today, in a meeting with NewsBTC, he explained that Coinbase are seeking to roll out GBP cables within the upcoming few weeks, which London would be another blockchain hub and Brexit may even accelerate caution over regulatory doubts. Interview With Zeeshan FerozWhat are you currently working on right now which you are most excited about? “The biggest thing for me is rolling out access to faster payments for UK consumers. It’s been a huge challenge for us and I think it was a good result for us to get access to that. Over the next few weeks, we’ll be rolling that out for all customers. UK users will be able to deposit Sterling and withdraw Sterling out into their bank accounts using faster payments.”How much competition do you anticipate to trace Coinbase Custody? ) “We will start to take a product-specific view in terms of the regulatory profiles of coins and the service they’re providing and if that allows us to extend it beyond the four coins we have, then that’s what we’ll do. You will see our businesses as they grow, the coins supported will maybe diverge. One example of that is Paradex which today is live in Europe with eight coins.”Are you awaiting regulatory certainty until you believe ERC20 tokens? “No, not specifically. We’re waiting for regulatory certainty for how a token is classified in terms of whether it is a security or not. The SEC’s view generally is that most of these may be securities but I think in Europe we’re still forming that opinion. We’ll keep asking the question and keep pressing the issue until we have clarity on what we can add more.”“We will continue to look at tokens that maybe aren’t securities and add them in the future. We do have now, in the US, we’ve got the broker-dealer and the ATS licence which, once fully integrated, will allow us to offer securities and that will open the ability to support tokens that are registered with the SEC.”What will be the principal actions you’re taking to guarantee liquidity? “There’s no precedence here, it’s about rolling out a product that’s relevant, that’s robust and that meets the standards of security that we have built for ourselves. Frankly, we have had a lot of interest in custody. We have a pipeline of business, we selected a handful that we’re launching with and we will look to add more on. At the minute, we’re restricting the funnel as to how much we can take on until we feel the project is mature and we’ve taken on the first few customers and ironed out the initial kinks. Then we’ll open it up more. Liquidity isn’t really an issue that we’ve had to consider so far given the amount of interest.”What are the plans concerning Toshi? “Toshi is really a global product, it’s not targeted or built for a specific region. One, it’s a native global product. Two, it’s designed to drive utility. We’ve held the hackathon to help invite developers to build on apps that work with Toshi. You have the Coinbase wallet which is an off-and-on-ramp in many ways and then we’ve got Toshi which will hopefully drive utility. We’re focusing on bringing on the right kind of partners, encouraging the right players in the ecosystem to help us have both global reach and utility.”Why did you choose to encourage Ethereum Classic, 1 year and a half from the fork? “The main reason is that it was relatively easy for us to add on and we support Ethereum and maintained that infrastructure, we have the vaults and everything else we need to receive crypto on that blockchain. It is an outcome of a commitment by us to try and broaden our offering. That’s what’s driving the Paradex solution, the acquisition of the dealer-broker, these are all designed to give us the tools and infrastructure that allow us to offer more coins than we do today and that will spill over into our core products as well.”Grant Shapps MP stated on Tuesday the government is overly distracted by Brexit. What more might Theresa May do to encourage blockchain technology? “I believe London could be a hub. There’s all the stats out there about us being a fintech hub. If you look at the number of e-money licences that are issued in London compared to the rest of Europe, we have a really high percentage of those. All the foundations and key ingredients are there for us to be a leader in this space. I think we’ve got an incredible talent pool to build out of.”“I think Brexit could play a part in that because it could allow the UK regulator to move quicker in bringing in regulation that facilitates this space. You’ll be able to create the conditions that could help it flourish. You’ve obviously got Gibraltar, Malta and some of these other places that are trying to build it but I think the UK with its talent pool and infrastructure today would be the ideal place for a blockchain business to be based.”“From a government point of view, we should be engaging with the space and looking at how we facilitate it. The biggest step at this stage is regulation, give businesses some certainty and give them a framework to operate within that will help grow it.”Are there some particular regulations you’d like to view? “As it stands today, there’s limited control the FCA individually has. In the same way that, say Switzerland, has started to express an opinion on what tokens are and how they are classified, I think there’s an opportunity for the FCA to take that role while we are within Europe to help drive that regulation. At a broader level, to focus on a forward-looking framework that helps businesses establish themselves in the UK and help grow. Anything from clarification of what is a security or not a security to the money laundering rules that apply to these businesses.”What are the strategies for London?