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1. Incorporating a company in another country and abiding by its rules and regulations is not and should not, in and of itself, be considered "evasion" of US re
by siftrics 4y ago
1. Incorporating a company in another country and abiding by its rules and regulations is not and should not, in and of itself, be considered "evasion" of US regulation.
2. The US has refused to draft clear legislation regarding how to operate a crypto company in the US, effectively forcing all interested parties to take the route described in point 1.
- Animats 4y agoNew York State licenses crypto companies.[1] There's a list of the licensed companies on that page. It includes Gemini and Coinbase. A crypto company could set itself up as a stock broker/dealer. Robinhood has done that. There's clear legislation. It's just that the marginal players don't like it. They wouldn't get past the initial requirements. [1] https://www.dfs.ny.gov/virtual_currency_businesses https://www.dfs.ny.gov/virtual_currency_businesses
- siftrics 4y agoPermissionless protocols are essentially outlawed, which defeats the purpose of building on chain.