4 ms·
To avoid the jurisdiction of the SEC.
by dbavaria 4y ago
To avoid the jurisdiction of the SEC.
- thih9 4y agoBut what changed? Not from US, missing context.
- pcl 4y agoMy interpretation of peyton’s comment was that the crypto industry players these days incorporate in places with more legal and regulatory flexibility than the US these days, not that something has changed in US regulations to make Delaware less favorable.
- xg15 4y agoOr in other words "wait, they actually incorporated in the US and not on the Cayman Islands or in Hong Kong or in $Obscure South Pacific Country You Never Heard Of? Amateurs!"
- malermeister 4y agoIs it just me or does this raise more red flags than a soviet parade? If an industry needs "more legal flexibility" that just screams scam to me.
- xtracto 4y ago>If an industry needs "more legal flexibility" that just screams scam to me IIRC Stem cell reserarch is limited in the USA given the puritanism in its society and laws. I wouldn't say that Stem Cell therapy is a scam per se. Sometimes, laws fall behind progress in some countries.
- malermeister 4y agoThats a good point. Let me fix my claim: If a financial product needs "legal flexibility", it's most likely a scam.
- xtracto 4y agoThe conclusion I draw is that scams form around unregulated industries. Here in mu country there are A LOT of stem cell related scams. But that doesn't mean there's not some real R&D going on .
- kristianc 4y agoStem Cell Therapy has a fairly obvious use case though. Ten years in, the most popular use cases for crypto appear to be speculation, financial crime and money laundering.
- jimmydorry 4y agoStem Cell Therapy is going on 24 years now (1998). This argument is flawed too.
- thawaya3113 4y agoWell, so stem cell research is avoiding US laws because of Puritanism. Why is crypto avoiding US laws? Edit: Also, a quick Google of top stem cell research companies show that they are based in the U.S. or Europe, so I’m not sure how correct the claim of US avoidance is. But even if they are avoiding the U.S., they are choosing Europe instead, where “legal flexibility” is still not a thing.
- junofan 4y agoThe US doesn’t have crypto legislation AFAIK. Just a hodgepodge of rules from various power brokers. Other jurisdictions do a better job. IANAL, so take with grain of salt.
- alexnewman 4y agoAll insurance is in Bermuda. The federal reserve used cayman entities to send stimulus checks. Most not for profit orgs in the USA use Puerto Rican or offshore hedge funds to avoid withholding
- ac29 4y ago> The federal reserve used cayman entities to send stimulus checks. This is a heck of a claim given that stimulus checks were issued by the US Treasury, not the Fed.
- mirntyfirty 4y agoBermuda has a lot of reinsurance that I know of. What insurance are you referring to?
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