China's Cryptocurrency Barons Seek New Life Across Asia

www.bloomberg.com

Regulatory arbitrage has long been predicted in the crypto world. Because of the disruptive nature of this technology, experts have suspected that governments would eventually impose restrictions which would compel crypto innovators to move to more favorable regulatory climates. We’ve seen this with the BitLicense in New York (where users are often blacklisted from crypto services), and now it’s happening in Asia, where Chinese entrepreneurs are going to other countries like Japan and South Korea. It will be interesting to see how this evolves over time - once the disruption becomes powerful enough, will governments attempt to reach across borders to enforce their laws?

Read more...
Linkedin

Want to receive more content like this in your inbox?