With Binance’s move to Malta in the news, what does the geography of cryptocurrencies tell us about the industry?
This week Bitfinex has hinted at a move to Switzerland to join others such as Etherise and Ethereum foundation and management.
Companies are moving to more crypto-friendly countries and governments are looking for ways to attract the new multi billion dollar industry. Amongst them, Lichtenstein is introducing major legislation to regulate blockchain business.
The British treasury has set up a task force to support crypto technologies, playing catch up to Australia. Australians can purchase crypto at newsstands.
Any government can see the dollars rolling in crypto, and many want a slice of the cake.
But not all countries are trusting of crypto technologies. Two exchanges have closed this week in Japan following un favourable legislation. HDFC is joining a number of banks in India are banning the purchase of bitcoin on bank cards. Vietnam banned bitcoin payments last year. And USA and China are famously frosty to crypto.
Acorn Collective has a base in Gibraltar, Hong Kong and UK. It seems a multinational approach is the best way forward. https://www.aco.ai/
Do you think the geography of crypto effects coins? How has government legislation affected you?
