Speaking at the World Web Forum in Zurich, Portfolio Chairman Ted Rogers discovered that the main goal of the operation was to search for a better cryptographic regulatory environment.
According to Xapo's President, Hong Kong was once considered "the sacred master of cryptographic regulation," but in reality, the authority has become "opaque".
Rogers said that Switzerland still sees the "right place" for the bloom of blockchain projects and cryptography. Financially. "
According to the report, Xapo's geographic transfer business will involve transferring non-US customers from Hong Kong to Switzerland, while cash accounts will be managed from London.
At the same time, another company recently moved to Switzerland, apparently to improve the regulatory situation. On January 1, Bitcoin ATM Lamassu moved to Switzerland due to regulatory difficulties in other countries.