Bitfinex team will move to Switzerland

In January, a Chinese manufacturer of equipment for mining Bitmain has announced their intention to open a subsidiary in Switzerland. In the company of a country called “one of the most progressive States with a good level of legal stability.” Now about the transfer of the whole company in Switzerland announced one of the largest kryptomere, Hong Kong Bitfinex, writes Cointelegraph.

The exchange’s move to Switzerland

As in the case of Bitmain, Bitfinex will register a legal entity in Zug, which is called the Swiss cryptocorynes. The reason for the postponement is the desire of the leadership exchange “to combine the operations previously distributed in different geographical spots.” Now the parent company of the exchange iFinex registered in the British virgin Islands.

CEO Ian Ludovicus van der Velde stated that the exchange intends to work closely with local regulators.

We want to be the most transparent of all exchanges. This will help us to dialogue with the government.

Advisor to the mayor of Zug Heinz Tannler in conversation with the newspaper stated that the registration of such a major player in Switzerland can be a signal for other companies to follow the example of Bitfinex.

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