Deribit Derivatives Exchange Formally Enters Panama's Jurisdiction
Representatives of the Deribit cryptocurrency derivatives platform announced a decision to shift to the Panama jurisdiction. Recall that up to this point, the company worked according to the laws of the Netherlands, but because of the recently adopted EU Fifth Directive and tighter regulation, the company decided to open a new legal entity This news appeared on the official Twitter, it informs that the new Panamanian enterprise will begin to work on February 10, 2020. “We believe that cryptocurrencies should be freely available to most, and the new rules will put too high barriers for traders, both in terms of regulation and costs,” they explained in Deribit. Recall, the Fifth European Union Anti-Money Laundering Directive enters into force today, January 10. According to it, law enforcement agencies will be able to receive information about the owners of digital currencies. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.