The brokerage platform took advantage of Hawaii’s recent change to money transmitter licensing to expand to the non-contiguous United States.
Virgin Islands News
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A court in the British Virgin Islands has issued a global freezing order of assets to 3AC co-founders Su Zhu and Kyle Davies.
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The report came precisely one year after a court in the British Virgin Islands ordered Three Arrows Capital into liquidation.
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Huobi positions its subsidiary Brtuomi Worldwide as one of the first exchanges to provide compliant crypto derivatives and trading services in the British Overseas Territory.
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Financial documents of Voyager revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, the same place Alameda is registered.
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The order reportedly came on the same date that Voyager Digital issued a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan.
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Blockchain startup LifeLabs announced that it is developing a U.S. dollar-pegged stablecoin for the British Virgin Islands.
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The British Virgin Islands has partnered with blockchain firm Lifelabs.io to launch a crypto-enabled payments infrastructure.
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Bitfinex, the major crypto exchange operating out of the British Virgin Islands, plans to move to Zug, Switzerland.
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