And I believe his exchange is not going to be competitive because Binance and other top exchange are going great and they might boycott his opwn version of Bitcoin.
binance is segregating their user base, banning USA traders. so the liquidity on binance.com is about to take a huge dive. this is actually a great time for bitcoin.com and blockchain.com to launch their exchanges.
nobody is boycotting BCH.
I'm still waiting for a P2P platform that isn't hosted in the US/EU.
Both paxful and LBC are, and i really don't understand why. Wouldn't it be much smarter to incorporate in Seychelles/Vanuatu/Another offshore country? Less taxes, less regulation that you have to push upon your customers..
It's not like you need a bank account anyway, as all your "profits" are in BTC.
Perhaps i'm thinking wayy too simplistic about it.
sounds reasonable, but unless an exchange actively prohibits USA residents and takes effort to prevent them from using the service, the USA government will always take the position that they have jurisdiction over them. just look at what happened to BTC-E or 1broker, and now bitmex is being investigated too. any service that gets big enough will be in their sights.
and actively prohibiting USA residents means lots of liquidity providers and casual traders will avoid the exchange. a requirement to dodge terms and use VPN will be a deal breaker for many. catch-22.