The BTSE crypto exchange sought a new headquarters after tightening regulations in most regions sparked the search for a more lenient legal climate.
BTSE Considers its Dubai Licensing as Insufficient
The BTSE exchange, aiming at financial innovation, has been on the lookout for the most suitable residence. Initially, the exchange aimed at moving its registration in Dubai, awaiting clarity on crypto legislation. But despite promises and sandboxing, Dubai has not moved in with clear rules. The danger of shifting regulations may mean extra expenses or compliance work, and BTSE has decided to establish itself in the British Virgin Islands. In a recent blog post, BTSE explained,
We have been gradually transitioning to the British Virgin Islands and continue to monitor the global regulatory landscape. As a cryptocurrency exchange, we…
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