Most stayed put, nonetheless. It’s straightforward to joke about transferring to Montreal however more durable to truly do it, which is one thing many crypto firms are discovering. “America, total, has one of the best infrastructure and help for small companies usually,” says Kuveke, who has discovered it simpler to do banking within the U.S. than Portugal, the place he says the banks are “mind-bogglingly horrible.” And transferring to a different nation is “not an informal course of,” says Kuveke, as a result of it includes a gauntlet of paperwork and approvals and is “many months of labor.” As of now his firm, Mintbase, plans to stay in america.