Thanks for reminding me of this. I've been trying not to use arbitrage lately because I see things changing rapidly. I must comply with all the rules that are for such a business in US law. It makes no difference to me what jurisdiction a particular crypto platform has. But there are countries that have decided to separate such business into a regional part. You can read this Crypto review about what Binance has done for the new Japanese platform. It seems to me that many countries want to isolate the crypto movement within a separate platform with local laws.
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