FTX is a Bitcoin only and Bitcoin focused company. It's very hard to build a company when everyone else has a market of 4 billion people with internet connection, he says. FTX left Hong Kong and redomaciled in the Bahamas because China and other countries have had very inconsistent approaches to crypto. "I think where the exchanges and the companies that are going to build the most trust are going to be domiciled in places that take favorable clear stances"

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