Previously, FTX was headquartered in Hong Kong and was so since its inception in 2019, following CEO Sam Bankman-Fried’s move there in 2018.
However, for digital asset companies based in the former British colony, an increasingly hostile stance towards crypto is forcing many to look elsewhere.
While neither FTX nor its representatives have gone on record to state this explicitly, others have come forward to describe a regime that is moving against cryptocurrency.
In June, Bankman-Fried chose to vent his frustrations with living in Hong Kong over its tough quarantine rules. …
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