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If you run a cryptocurrency firm and an avid Crypto trading blogs reader, you will be much concerned about aligning your company with existing jurisdictional laws or better still attempt to move to a more favorable jurisdiction if your business is currently being
threatened by your immediate environment. Despite the technological prowess the United States commands, the region doesn’t yet rank as the top destination for blockchain and cryptocurrency.
The Crypto Industry
PCrypto regulations around the world are supposedly founded based on US regulations, providing a framework on which other nations should possibly build on top. With unclear regulatory directions, the US fell short of these expectations. Cryptocurrencies are not prohibited in the U.S., but they are still not integrated into the country’s financial structure.
Unfavorable U.S. Regulations
It’s difficult to exist within a territory with no clear definitive laws, as it will be hard to say with certainty what manner of conduct might amount to grave penalties. Following this scenario, Chris
Larsen, co-founder and executive chairman of Ripple Labs has revealed that the company is likely to move its headquarters overseas due to the unclear US regulations.
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