Years earlier than Sam Bankman-Fried grew to become a family title by constructing and blowing a billion-dollar cryptocurrency empire, he was on the hunt for a brand new company dwelling within the Caribbean. In April 2019, his firm, FTX Buying and selling Ltd., registered in Antigua and Barbuda, a nation of tiny, idyllic islands 1,400 miles southwest of Florida.
However when FTX utilized for permits to function its flagship crypto alternate, the federal government balked. “Regulators right here took the choice that they didn’t fairly perceive the enterprise mannequin,” Prime Minister Gaston Browne advised native information shops in November, shortly after FTX’s collapse. “Apparently it was …
Supply hyperlink
