I know it ain't easy for them in the US, but I'm not sure they'll be chased out. They want to keep the business there, at least, I thought the guys like Coinbase and Bitpay do. They'll also want to expand sure, Coinbase did to the UK and will do so in parts of Europe. Bitpay's already recruiting in the EU so that's a matter of time too.
Suppose it could be tax but if it's just for tax structuring but they could easily benefit the same way moving into another state jurisdiction in the US no?
Topic: [2019-07-24] Circle and Poloniex moving from the US, regulatory uncertainty - page 2. (Read 337 times)
July 23, 2019, 11:20:04 PM
July 23, 2019, 09:12:51 PM
I reckon that there might be another round of regulatory pressure on exchanges that are operating in America. Bitfinex and Bitmex have felt the American government's displeasure of their presence.
I predict that Coinbase is next.
Crypto conglomerate Circle announced that it will be moving the majority of its operations offshore, as regulatory uncertainty has made servicing U.S. customers increasingly difficult. The company received a full Digital Assets Business Act license in Bermuda for Poloniex, a cryptocurrency exchange it runs.
The increased regulatory uncertainty about the future of the crypto industry in the U.S. has forced many companies to move their operations to more crypto-friendly markets. Bermuda, which recently imposed a comprehensive regulatory framework regarding digital assets, has been a favorite destination for up and coming crypto companies looking for a stable environment.
Read in full https://cryptoslate.com/circle-poloniex-us-bermuda-regulatory-uncertainty/
I predict that Coinbase is next.
Crypto conglomerate Circle announced that it will be moving the majority of its operations offshore, as regulatory uncertainty has made servicing U.S. customers increasingly difficult. The company received a full Digital Assets Business Act license in Bermuda for Poloniex, a cryptocurrency exchange it runs.
The increased regulatory uncertainty about the future of the crypto industry in the U.S. has forced many companies to move their operations to more crypto-friendly markets. Bermuda, which recently imposed a comprehensive regulatory framework regarding digital assets, has been a favorite destination for up and coming crypto companies looking for a stable environment.
Read in full https://cryptoslate.com/circle-poloniex-us-bermuda-regulatory-uncertainty/
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