Crypto companies head offshore as they hanker for regulation

Transcript

Angie Lau: What a conference … what a conference. What was it? How did we get from you back in the days of building this in Hong Kong to …

Sam Bankman-Fried: Yeah, it’s been a lot of fun. You know, I think part of it has just been ‘Just keep building.’ Just keep building out the product, keep delivering, keep adding on, keep refining it and keep moving forward. And to some extent, that’s all there is. It’s putting one step in front of the other. But outside of that, obviously, there have been a lot of shifts in the industry over the last few years, and seeing the institutional sort of adoption start to trickle, and seeing the interest really building, and seeing regulators start to get much more engaged in this space — those have all reshaped what the industry looks like. Obviously, one of the reasons that we’re here today is that the Bahamas is one of the first countries to pass a crypto regulatory framework, and (FTX) got licensed under it and started rolling out an office here.

Lau: The office is here and injecting a lot of dollars into the…

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