By Tom Wilson
LONDON (Reuters) – Readability on crypto guidelines in “onshore” places comparable to Britain and the USA is required in any other case crypto companies will develop “offshore,” the chief government of main U.S. crypto change Coinbase World Inc mentioned on Tuesday.
Requested in regards to the failure final yr of the Bahamas-based FTX change, Brian Armstrong instructed a convention in London: “That is the rationale why we want readability about laws and regulation onshore as a result of if the UK would not have this, if the US would not have this, these companies are going to be inbuilt offshore havens.”
(Reporting by Tom Wilson, modifying by Elizabeth Howcroft)
