Crypto derivatives exchange Deribit says adieu Europe, hello Panama

Crypto derivatives exchange Deribit will soon relocate its offices from the 5AMLD-regulated Europe and to a crypto-friendly region Panama on 10th February 2020, according to its official announcement made yesterday. The recently-passed Fifth Money Laundering Directive (5AMLD) has only been around for a while but has already claimed many victims with its stringent and hostile approach against cryptocurrencies. The renewed amendments regulation of digital assets places enhanced due diligence on a company’s’ part and ensures that all transactions and accounts are meticulously verified to prevent virtual currencies from being used as a means to fund terrorist activities and other illegal