Czech-based Maximus Coin Moves to Malta amid Bitcoin Regulation Issues

Bitcoin cloud mining company Maximus Coin recently announced that it has moved its headquarters to Malta.
Bitcoin cloud mining company Maximus Coin recently announced that it has moved its headquarters to Malta.
The Czech-based firm, which offers 200-300% returns on principal Bitcoin cloud mining investments, cited risky Bitcoin laws as the major reason behind its decision. It explained how their services, which require people to deposit and withdraw notable amounts of Bitcoin on daily basis, cannot be supervised by Czech Republic regulation authorities, for they neither consider Bitcoin cashless means of payment nor electronic money.
Maximus Coin added that moving to Malta will not affect its cloud mining contract businesses, but will rather introduce an additional layer of security to clients’ investments. The Southern European country, in line with the EU’s Markets in Financial Instruments Directive, does not license Bitcoin companies, and this therefore host to many digital currency startups.

This post was published at NewsBTC