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EU decided to take away the Cayman Islands from tax haven blacklisting on Tuesday.

The Cayman Islands is a well-liked jurisdiction for crypto companies. It was once added to the EU black listing in February this 12 months. On 2019, six exchanges are domiciled at there’s liable for greater than $ 1.5 billion in world Bitcoin transactions ( BTC ).

Even supposing those figures are not anything in comparison to the worldwide chief Seychelles; which 12 the burs are liable for the $ 36 billion; Seychelles permanent is incorporated within the black listing and categorised as a rustic that “does now not cooperate with the EU or has now not totally carried out its commitments. .

One of the crucial main exchanges primarily based within the Seychelles is BitMex, which not too long ago is having a difficult time with the United States executive.

The black listing was created by way of the Ecu Parliament based on knowledge printed within the Panamanian and Paradise newspapers. It’s not likely that the newest FinCen leak has factored within the choice to take away the Cayman Islands from the listing ( mentioned a minimum of in 652 transactions). This listing is up to date semi-annually with the following one anticipated in the beginning 2021.

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