At the same time, smaller countries are making efforts to attract crypto businesses.
Low cost – high security
Countries such as Belarus, Bahrain, and Malta all offer low costs and high security for anyone who wants to establish a crypto company.
In addition, these smaller countries have fewer rules and laws in this area than larger countries such as the United States. However, this makes them scare away some bigger companies as it opens up for crimes such as money laundering, Reuters reports.