Bitfinex, one of the world’s largest cryptocurrency exchanges, is reportedly planning to move out of its current base in Hong Kong over to Switzerland. German-language Swiss newsweekly Handelszeitung is reporting that Hong Kong-based Bitfinex is already in talks with Swiss authorities over a move to Europe. Switzerland is at the top of the list of potential destinations while London is also being considered as an alternative, the report added.
The publication directly cites Bitfinex CEO Jean-Louis van der Velde in revealing the potential move, with ‘several meetings’ between Bitfinex officials and Switzerland’s State Secretariat for International Financial Affairs (SIF) already having taken place. Bitinfex has also been in contact with Johann Schneider-Ammann, head of Switzerland’s Federal Department of Economic Affairs, Education and Research. Speaking at a conference earlier this year, Schneider-Ammann has previously called on Switzerland to further its industry-friendly regulatory climate to become the world’s ‘crypto nation’.