Haun: Moving offshore will not protect crypto startups serving US consumers
Katie Haun · a16z Podcast | The Regulatory Landscape for Crypto · Jan 2, 2019 · at 28:56
Former federal prosecutor Katie Haun discusses regulatory jurisdiction on the a16z Podcast, addressing whether crypto startups can avoid U.S. enforcement by incorporating overseas.
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“Well, I don't think they should wait, but I think they should have common sense and good judgment, and one of the red flags I see sometimes is, you know, and they'll publicly state, oh, we're moving offshore so that we don't have to comply with these laws that we can't figure out, but then they're going to serve U.S. Customers anyway, and you know, the kind of problem with that approach is that extraterritorial jurisdiction, most countries have it, not just the U.S., so if you're servicing Hundreds of thousands of U.S. Consumers. The fact that you relocate is not going to save you from having to comply with these laws.”
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