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Former BitMEX CEO Arthur Hayes Surrenders to Face Charges
- aww_dang 6y ago>...Hayes and other BitMEX executives instead actively worked to skirt compliance programs and bragged about flouting U.S. laws, prosecutors say. Hayes allegedly said the founders chose to base the exchange in Seychelles to escape regulatory scrutiny. In other news, the current administration seeks to increase entrepreneurship and employment. Fed chair Janet Yellen claims that taxes aren't too high in the US, but too low elsewhere. Ironically, cryptocurrencies wouldn't be as relevant if not for the high cost of regulatory compliance. Speculation wouldn't be as rampant if interest rates were set by the market.
- elliekelly 6y agoConsidering the legal costs BitMex and Hayes currently face I would say the comparatively low cost of regulatory compliance would have been money well spent.