Former Chancellor George Osborne to advise Coinbase as crypto exchange eyes expansion

Crypto move: Former Chancellor George Osborne is to advise US crypto-currency exchange Coinbase

George Osborne has joined the US crypto-currency exchange Coinbase as an adviser.

Osborne, 52, was Chancellor between 2010 and 2016 and has held several top jobs since leaving government.

He is a partner at City boutique investment bank Robey Warshaw, and was editor of London’s Evening Standard newspaper for three years. 

At Coinbase, which allows its users to trade digital currencies such as bitcoin, he will be on its global advisory council, which consults on expansion plans.

Coinbase has recently secured licences in France, Spain, Singapore and Bermuda. But it comes amid mounting regulatory scrutiny over crypto.

Last summer, the US regulator filed a lawsuit against Coinbase, accusing it of violating trading laws. Coinbase’s chief policy officer Faryar Shirzad said: ‘George brings a wealth of experience in business, journalism and government.

‘We look forward to relying on his insights and experiences as we grow Coinbase.’