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RE: Binance Moving to Malta - Island Nation Known for Tax Evasion and Money Laundering

in #malta7 years ago

It's not necessarily more freedom to DO a certain thing; sometimes it is freedom FROM certain things. If crypto suddenly became illegal (as an extreme example) I'd want my exchanges to be in a place where legality could not touch it.

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If crypto became illegal here? If its illegal in one country and not another then Binance could move corporate headquarters. My point is why should we trust a centralized exchange which is supposed to be regulated and trying to attract the big pocket customers when it moves to a country which has a questionable reputation in finance? I just think from a marketing and PR perspective the move is senseless.

If crypto suddenly became illegal everywhere or in the US for example then I would think it's very stupid to then trust a foreign country and centralized foreign exchange with your money. If the company goes to a specific country specifically to avoid legal consequences then I would be wondering what that company has to hide that it would do that rather than strive for compliance?