Bitcoin Firm Xapo Relocates to Switzerland

[Coinbuddy]

Bitcoin firm Xapo announced its plans to relocate to Zurich in order to benefit from Switzerland’s neutrality and stability. The company, which focuses on security and bitcoin services, has started the transition around three months ago, following requests from its customers.

For now, the company plans to hire finance and legal staff from Europe while maintaining a small presence in the United States. According to Xapo CEO Wences Casares, this decision was made after clients raised concerns about bitcoin regulation and increased oversight on transactions.

Source: http://www.newsbtc.com/2015/05/15/bitcoin-firm-xapo-relocates-to-switzerland/

[thebenjamincode]

Bitcoin firm Xapo announced its plans to relocate to Zurich in order to benefit from Switzerland’s neutrality and stability. The company, which focuses on security and bitcoin services, has started the transition around three months ago, following requests from its customers.

For now, the company plans to hire finance and legal staff from Europe while maintaining a small presence in the United States. According to Xapo CEO Wences Casares, this decision was made after clients raised concerns about bitcoin regulation and increased oversight on transactions.

Source: http://www.newsbtc.com/2015/05/15/bitcoin-firm-xapo-relocates-to-switzerland/

wow that a great news. thanks for sharing it. i am actually a xapo user and also made a faucet about it xapor.tk

[countryfree]

Smart move. Sounds good for Xapo.

[manselr]

Everyone that starts making serious money eventually moves to Switzerland to not get obliterated by mega taxes. I guess Xapo is being a success then.

[knight22]

As a user of Xapo, I find this very nice.

[NyeFe]

Everyone that starts making serious money eventually moves to Switzerland to not get obliterated by mega taxes. I guess Xapo is being a success then.

Regarding 'https://bitcointalk.org/index.php?topic=1064223.0' it would also increase their marketshare, since I'm almost certainly sure they wouldn't be required to follow any sanctions set by the U.S. govt.

[Jeremycoin]

This is a great Idea I think, because I also a Xapo user I hope Xapo will make the service even better in the future

[Buttknuckle]

Brilliant!  If it really is to protect user data that is.  Here in the us so many companies can do nothing when the government wants to take the data.