What? LMB is incorporated in the UK. Danny is flying constantly in and out of Cyprus for various business meetings and also personal matters since he's a British citizen.

My take is that he wanted to come forward with more clarity on regulatory side before taking in customers, but this is an ongoing process and government bureaucrats are not the most business friendly people.

Some investors in Bitcoin securities seem to be highly neurotic and impatient individuals unfortunately, most of them people who never invested in stocks before. This is a game where patience is biggest virtue.