Equities

Reuters offers insight into how global crypto-currency crackdown sparking search for safe havens

Reuters offers insight into how global crypto-currency crackdown sparking search for safe havens

Reuters offered insight into how a global crackdown on “initial coin offerings” – sales of digital tokens used to fund new crypto-currency ventures – has spurred dozens of companies to search for “friendly” locations, from Switzerland to the Cayman Islands. Confronted with national regulators’ intensifying scrutiny of digital currency fund-raising, many entrepreneurs are moving businesses to locations more welcoming to crypto-currencies and known for low taxes.