Quote from: jimmothy on November 02, 2013, 01:09:07 AM

Quote from: crumbs on November 02, 2013, 12:41:44 AM

Quote from: radiumsoup on November 02, 2013, 12:32:22 AM

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

I think it definitely does create a different legal footing because it may be legal to sell unregistered securities in panama as a licensed exchange for all we know and for the US to go against that would never happen. The problem is unlicensed exchanges having literally no legal backing which is why they are so vulnerable. If this exchange can operate completely compliant of panamas security laws that would be huge for bitcoin/bitcoin securities.

Panama security laws? Quick, what's the official national currency of Panama, no googling! Not another shot at registering a company in some god-forsaken backwater, and hoping that the law won't take you seriously enough to lift a finger.

Unfortunately, with international trade agreements, lifting a finger is about all that's required.
Finally, please pay attention. It is illegal to sell unregistered securities to US persons, no matter what the law of your banana republics say.
OP explicitly stated otherwise, due to either ignorance or with intent to deceive.