Why Are US-Based Digital Asset Businesses Looking to Launch Overseas?

Bill Taylor, Chief Investment Officer, Fintek Capital LLC, discusses why the United States is struggling to keep up with smaller international jurisdictions in regulating digital assets. Bill highlights Facebook’s Libra Network as a prime example.

Note: this video was filmed on May 21st, a few weeks prior to the release of the Libra Whitepaper.


Dara Albright: Do you see more US-based companies launching funds overseas?

Bill Taylor: Oh, absolutely. And they're doing it not because they want to, but because they're being forced to go to other jurisdictions. If you want to be fully regulated, and most funds do, and fully compliant, you want to go where you can get it done and be in a regulated environment and not sitting and waiting for the rules to come about. So, yes, there's going to be more and more. Only recently, a great example, Facebook is going to do a cryptocurrency or a currency within Facebook that it can market toward payments to use on its WhatsApp.

Dara Albright is a recognized thought provoker, advisor, author, and speaker on topics relating to fintech, digital finance, cryptofinance, peerfinance, crowdfinance topics, IPO execution, investment banking and corporate communications.

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