This unusual cryptocurrency company made $32,000 in 30 days — now it’s moving to Canada to avoid American regulation
The Miami-based CBlocks cryptocurrency team made $32,000 in 30 days.
The company done these through selling a mystery box of cryptocurrencies to people who wanted to start trading crypto but didn’t know how.
It is well-known to anyone that the demand was high, but the team quickly stopped processing orders to avoid legal issues.
As of posting, the company’s lawyers couldn’t decide if it was a money services company or not — a US regulatory distinction which could be costly for the company to get wrong.
Officially, CBlocks is moving to Canada, where its Floridian founders believe it can thrive with cheaper regulatory expenses.