Goodbye Offshore Crypto Havens. The Rise Of Regulated Jurisdictions.
Young woman working from offshore tax free haven.
Just 2 minutes ago, the global crypto regulatory climate was overwhelmingly hostile. Governments issued repeated warnings, regulatory authorities initiated enforcement actions, founders served prison sentences, and mainstream opinion often linked crypto to scams, money laundering, and illegal substances.
Under these conditions, crypto founders had few options but to base their projects in offshore jurisdictions with minimal regulation and limited government oversight. These locations offered some refuge from legal risk at a time when the world had yet to understand or accept digital assets.
That landscape has changed. Many governments and regulators have started to develop…
