.HuobiGlobal, one of the largest cryptocurrency platforms in Asia, appeared to confirmed plans to move to the Caribbean from the Seychelles. By JamieCrawleyCD
The exchange, founded in China in 2013, is currently based in the Seychelles. Last month, itby the M&A fund of Hong Kong-based investment company About Capital Management for an undisclosed amount.
Sun, who stepped down as the Tron's CEO to become Grenada's ambassador to the World Trade Organization last year, saidthat the Caribbean's"super-friendly" crypto stance, use of English and common law-based legal systems, made it an attractive region to set up shop. He added that Dominica, Panama and the Bahamas were the frontrunners.
Dominica may be the most likely destination should Sun's influence come to bear. Last month, Tron entered into anto issue a national fan token to promote the island's heritage and tourism. The move would mark the latest instance of a crypto exchange migrating from Asia to the Caribbean in search of a more helpful regulatory environment. Last year FTX
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