Global Crypto-Currency Crackdown Sparks Search for Safe Havens

Global Crypto-Currency Crackdown Sparks Search for Safe Havens
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NEW YORK—When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform’s tokens.

Rao, a San Diego-based technology veteran who has worked for major Wall Street banks, is not alone.