Xapo Moves to Switzerland Citing Customer Privacy Concerns
Xapo has officially relocated its corporate headquarters to Zurich, Switzerland, citing the country's long history of neutrality and stability. The bitcoin services and security firm said the transition was put in motion three months ago at the request of customers, and that now, Xapo's operations in Palo Alto are in the process of being reduced. As part of the transition, Xapo will hire new finance and legal staff in the central European nation while still keeping a small US presence. In interview, Xapo CEO Wences Casares sought to position the move as one that would appeal to customers....
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Bitcoin wallet company Xapo announced today that it has received an early nod of approval from a key Swiss regulator. The Switzerland-based company said in a new blog post that it has been given “conditional approval” from the Swiss Financial Market Supervisory Authority (FINMA) to do business in the European country. The approval isn’t final, however, as Xapo said the regulator wants to see it join a self-regulatory organization (SRO), among other steps. Xapo relocated to Switzerland in mid-2015, citing customer privacy concerns at the time as it looked to shift away from its operations....
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. Bitcoin Firm Regulation. "This is....
Xapo, a provider of secure bitcoin wallet and vault storage solutions deemed "the Fort Knox of bitcoin," announced that it is relocating its corporate headquarters to Zurich, Switzerland. The company will retain a small presence in its previous home base in Palo Alto, California to serve U. S. customers, but its main operations will move to the new home base. Xapo's primary deep cold storage vault is already located in Switzerland (the precise location hasn't been disclosed), with additional secure sites deployed around the globe. "[A]t the request of our expanding global customer base,....
Xapo has been focusing on building its infrastructure to become the most secure bitcoin storage service on the digital currency ecosystem. Since the beginning, this has been the company main focus and to support and accelerate their aim, Wences Casares, Xapo Founder and CEO, has recently announced the company was moving its headquarters to the global financial center of Zurich, Switzerland. It looks like the company's primary deep cold storage vault is also located in Switzerland, and at the request of our expanding global customer base, the company believes now is the time to bring their....
Bitcoin services provider Xapo has confirmed that it will no longer operate in the state of North Carolina. The company, which recently moved its headquarters to Switzerland, cited state-level regulation as the decisive factor behind its decision. Earlier today, one North Carolina customer posted a message on Reddit stating that they had received a 30-day closure notice. Speaking to CoinDesk, Wences Casares, founder of Xapo, said: "It is correct that we are not operating in North Carolina. We do not have a money transmitter license in that state and we think the effort to comply with their....