Jurisdiction Shopping: How regulatory uncertainty is affecting the geography of crypto innovation

The race is on for some…the drawbridge is up for others

CREDIT: CCN.com

Where is the talent headed?

Speaking to Max Keiser at Money Conference 2018 in Dublin, Thomas van der Spuy, a native South African and the founder of Bitfair.com, explained his decision to relocate to Anguilla, a British Overseas territory in the Caribbean. “It’s not regulated in South Africa, it’s not un-regulated in South Africa, we don’t know where it is going to go” van der Spuy exclaimed, “Anguilla already has regulation designed for utility tokens so it makes obvious sense to set up in that jurisdiction”.

Visit the NEW BAANX WEBSITE today

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store