🇨🇭 Xapo shifting services from Hong Kong to Switzerland
Bitcoin ($BTC) wallet Xapo is moving operations from Hong Kong to Switzerland over regulatory clarity concerns. President Ted Rogers expressed frustration with Hong Kong's "opaqueness" and believes Swiss regulators are more "smart, interested and sophisticated in dealing with the financial markets.” Support for non-U.S. accounts will move to Switzerland, while cash operations will be carried out in London.
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