Because he's far more likely to be evading regulation and authorities than just being a digital nomad.
Would you trust a bank with your money that has no HQ and the CEO/founder is no where near any legal jurisdiction?
Would you trust a bank with your money that has no HQ and the CEO/founder is no where near any legal jurisdiction?
The problem with a crypto exchange isn't "not having an HQ" but rather the lack of regulations. A bank has regulations so they can't really be as scummy. So if there were proper regulations in place then it wouldn't be a problem.
It wouldn't matter if it has an HQ or not, it only matters where the company is registered and how that country regulates it. I believe currently Binance is registered as a company in Singapore, but I could be remembering wrong.
I agree. But Binance is neither regulated nor transparent about its HQ, incorporations, executives, CEO.