US regulators expanding their crypto investigations has led some companies to look to financial hubs overseas, including Singapore, Hong Kong, Europe, and Dubai
Bloomberg
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Discussion
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@johnedeaton1
John E Deaton
on x
At a time when Russia 🇷🇺 is cut off from SWIFT and countries are discussing global trade not being denominated in USD, the SEC is doing everything it can to assure that that reality happens soon, while also making sure the U.S. is NOT a leader in the digital asset revolution. htt…
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@cryptowendyo
Wendy O
on x
The US “crypto crackdown” will force the brightest and most innovative Americans overseas There was a time when folks would come to America to escape oppression and thrive in their profession How times have changed https://twitter.com/...
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@joel__collinson
Joel Collinson
on x
@Techmeme I suppose a US company that is fully in compliance with the regulations will have an advantage.
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@annairrera
Anna Irrera
on x
This chart is very cool and shows share of VC funding in crypto by region. Interesting to see US's dominance was lower in 2017-18. Seems like it was because of ICO crackdown? Of course it came back https://www.bloomberg.com/... https://twitter.com/...
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@annairrera
Anna Irrera
on x
The US crypto crackdown is prompting battered digital-asset firms to look toward financial hubs overseas—like Singapore, UK and even EU!!— clouding the country's position as an industry leader V. good weekend read by @emilyjnicolle and @Suvajourno https://www.bloomberg.com/...
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@smdiehl
Stephen Diehl
on x
Good, crypto firms should go abandon US markets and move offshore. Apart from extremely corrupt jurisdictioms, the same story will play out there and they'll get banned as well. https://www.bloomberg.com/...
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@emilyjnicolle
Emily Nicolle
on x
US authorities' recent “regulation by enforcement” approach is prompting crypto companies to seek out a warmer reception overseas, where new digital-asset rules, tax incentives and political charm offensives are winning them over friday read on @crypto 🌴https://www.bloomberg.com/…