EU eliminates this crypto hotspot from tax sanctuary blacklist, clearing course for more adoption
The EU chose to get rid of Cayman Islands from its blacklist of tax paradises on Tuesday.The Cayman Islands is a popular jurisdiction for crypto organizations. It was included to the EU’s blacklist in February of this year, so it has actually invested less than 6 months on the list. One of the significant exchanges based on the Seychelles is BitMex, which just recently ended up in the hot water with the U.S. government.According to Allison Nolan, creator of Athena International Management, a business that offers governance options to the worldwide financial investment neighborhood, the Cayman Islands supply “robust guideline”with rigid know-your-customer and anti-money laundering controls in location: Part of the robust structure for the Cayman Islands is the ingenious technique to the policy of virtual properties.
