Bittrex to move its headquarters from Malta to Liechtenstein
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Answer Bittrex to move its headquarters from Malta to Liechtenstein
Bittrex seems to be moving forward with a number of new updates to its business.
After announcing the ban and blocking of its services from 31 countries, including 9 Arab countries, the topic we talked about in the title:
Bittrex is closing its services in 31 countries, including 9 Arab countries that you know about
And the publication of the dissolution of the partnership between it and the Upbit platform, as well as the update of its name from the “Bittrex International” platform to “Bittrex Global.”
To announce a new procedure represented in the transfer of its headquarters from the state of “Malta” to the state of “Liechtenstein”.
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Liechtenstein is a small landlocked country in Europe that is considered the second country in terms of GDP per person in the world.tax havenFor many individuals and companies.
not done detection About the reason for changing the region by the platform yet, but the “Bittrex” platform announced that the closure of “Bittrex International” will be on the 29th of next October and will operate under the “Bittrex Global” brand.
All eligible Bittrex International customers will be redirected to the new network.
The platform management stated in its statement issued in this regard:
Once Bittrex Global is launched, eligible Bittrex International clients including corporate accounts will be seamlessly redirected to Bittrex Global.
The Bittrex Global platform will operate based on the laws of the blockchain, which is also called the “Trustworthy Technologies” law.
The platform’s dramatic move to change its headquarters from one region to another may have something to do with the Malta Financial Supervisory Authority, which announced last month that it would extensively monitor the country’s authorized currency exchanges to combat money laundering.
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Interestingly, Bittrex’s decision comes right after the escalation of regulatory moves.
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