3 ms·
Its more of a business decision of the government, as well as risking the need for a complete overhaul of contract law. Jurisdictions are in competition with e
by vmception 5y ago
Its more of a business decision of the government, as well as risking the need for a complete overhaul of contract law.
Jurisdictions are in competition with each other. While the business can always form a local subsidiary shielded from the rest while pooling most processes. Binance already has Binance US, for example.
A lot of people dont like the idea of governments having overlapping conditions of a business, but it is something you can rely on.
They can shoot themselves in the foot all they want.
A no action letter from the SEC, for example, does limit a business to a specific unchanging structure and circumstances. But people arent going to risk going to the regulator to find out. I get that you are thinking of a requirement in advance. Bye bye businesses if you try that.