Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?
I dont see any relation why this has to be an issue. Developers can be anywhere mate, even the office is located somewhere of course they can hire developers even they are far cause the work is simply on online and platform development. So what's the problem with this?