Most stayed put, however. It’s easy to joke about moving to Montreal but harder to actually do it, which is something many crypto companies are discovering. “The United States, overall, has the best infrastructure and support for small businesses in general,” says Kuveke, who has found it easier to do banking in the U.S. than Portugal, where he says the banks are “mind-bogglingly terrible.” And moving to another country is “not a casual process,” says Kuveke, because it involves a gauntlet of paperwork and approvals and is “many months of work.” As of now his company, Mintbase, plans to remain in the United States.
US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty
