Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

UK Fintech Firms Go “Jurisdiction Shopping” as Brexit Looms

written by

UK Fintech Firms Go "Jurisdiction Shopping" as Brexit Looms

Support free journalists: > send a tip

Financial technology (fintech) startups based in the United Kingdom are apparently now seeking to relocate their operations, as the UK faces an imminent breakup with the European Union (EU), thereby losing its regulatory passport and privilege of free trade within the EU.

This trend was exemplified by such a firm, London-based payments startup Azimo, whose interview with current affairs commentator Politico revealed that fintech businesses in the UK had already been searching for alternatives overseas as soon as the Brexit referendum was finished in June 2016. Azimo CEO Michael Kent bluntly said:

“We went jurisdiction shopping the week after the referendum.”

His company is one of UK’s most popular digital payments company, boasting over a million users and employing 135 employees across London and Krakow in Poland. While Kent believed that the UK’s position as a fintech hub and top consumer market for neo financial services would not be in danger, he said that free trade in the EU was paramount to continued success.

A continental license that would allow passporting of services to other EU member states, was what he and others were looking for. And after negotiating with many suitors, Azimo found that in Amsterdam in the Netherlands, it seems. Kent explained:

“We like the Dutch regulator. They are strict, highly regarded and although it took a lot longer to get approved than we thought, they have an open mind to us and what we do, which you can’t say about all the others.”

The Dutch financial market regulator claims to have had some 150 Brexit-related discussions with firms and has already issued over 30 new licenses.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter