A #crypto paradise lost? Why #malta is not the last resort for exchanges.
▻https://hackernoon.com/a-crypto-paradise-lost-why-malta-is-not-the-last-resort-for-exchanges-e7
By Olga Grinina, Tech WriterKamiliya Arslanova, CEO of ArbidexRustam Rafikov, Head of Legal at ArbidexIt all started when the headlines featured the news of the world’s largest crypto exchange moving its operations to Malta. Now, a couple of weeks later, we see at least 3 more exchanges moving to offshore locations in response to recent regulation crackdowns in China and Japan. So what benefits are the likes of Binance and Kraken are seeking when relocating to those remote island locations? And in what ways — if any — is their legal framework beneficial for setting up a crypto-related entity?Back in February 2017, Gibraltar’s government announced the plans to issue the regulatory framework for cryptocurrency with the supervision of the Gibraltar Financial Services Commission (GFSC). GFSC (...)