What Nations are Seeing a Surge in Cryptocurrency / Digital Asset Businesses?
Bill Taylor, Chief Investment Officer, Fintek Capital LLC, weighs the pros and cons of establishing digital asset funds in various jurisdictions around the world. Nations cited include: Gibraltar, Singapore, Switzerland and Malta.
Note: this video was filmed on May 21st, a few weeks prior to the release of Facebook’s Libra Whitepaper.
Dara Albright: Where, other than Gibraltar, have you looked to set up shop?
Bill Taylor: When we started this, we looked for a different jurisdiction because U.S. regulators were not going to be favorable anytime soon at defining a digital asset or what it is, especially digital gold. So looking around, we want it to be in a secure country with solid regulations that would be accepted by the institutional community. If it's a brand new product, you want to make sure everything's perfect. We looked at Singapore. Singapore was a great place for ICOs at the time, but it was starting to have some hesitation of what could be done. We were advised that that might drag on. We looked at looked at Switzerland, which obviously is a great place but is wildly expensive. It was way too expensive to do.
DA: That's interesting because Facebook is rumored to be launching a crypto currency in Switzerland.
BT: Yes. We looked at that. We also looked at Malta. Malta is very progressive in doing that, too. But Malta has a connotation of, let's say, Russian money—without being politically incorrect— but it was not the right connotation. We looked at Gibraltar. Gibraltar has a fully regulated exchange and it is UK compliant and EU compliant. We decided we'd go to Gibraltar because we would be fully regulated under two jurisdictions, and our marketing would be passported throughout the EU as well as around the world from Australia to South Africa.
In this segment we discuss some of the obstacles that have hindered approving a Reg A+ Token Offering.
Bill Taylor discusses one of the key obstacles facing US regulators.
In this segment of Regulatory Landscape for Digital Assets, Bill Taylor discusses why Facebook’s Libra Network is a prime example of why the United States struggles to keep up with smaller international jurisdictions in regulating digital assets.
In this segment, Bill Taylor discusses why he chose to launch his digital asset fund in Gibraltar.
In this segment we discuss how token issuers can use state legislation to complete an Initial Coin Offering (ICO) and how that might impact federal securities regulations.
Dina Ellis Rochkind discusses why the SEC’s recently published framework for digital assets leaves more questions than answers.
Vincent Russo explains new disruptive technologies and how states serve as laboratories of democracy in helping Congress shape their policies.
Bill Taylor discusses what the United States could do to keep digital asset funds onshore.
Dina Ellis Rochkind discusses the regulatory activity on Capitol Hill including fintech, blockchain and cryptocurrencies.