Once, long ago, cryptocurrency companies operated comfortably in the US. In that quaint, bygone era, they would often conduct funding events called “initial coin offerings,” and then use those raised funds to try to do things in the real and blockchain world.
Now, they largely do this “offshore” through foreign entities while geofencing the United States.
The effect of this change has been dramatic: Practically all major cryptocurrency issuers started in the US now include some…
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