B2C2 CEO: Cryptocurrency companies that have decided to evade regulation and relax KYC due to low regulatory risk have been "extremely successful"

According to The Block report, Max Boonen, the CEO of OTC B2C2, said recently that cryptocurrency companies that have decided to evade supervision and relax KYC have been "extremely successful" due to low regulatory risks, including EOS and Bitfinex. Although Block.one paid a $ 24 million fine to settle with the SEC, it raised $ 4.1 billion from the ICO. In 2016, Bitfinex was fined $ 75,000 to the US Commodity Futures Trading Commission (CFTC) for providing illegal off-market financing of retail commodity transactions. Historically, I don't think regulatory risk is high. The 2020 presidential election could increase the cost of running an illegal cryptocurrency business. Boonen said that as other countries such as Singapore and China are pushing for more blockchain-friendly policies, the United States may feel pressure to keep its cryptocurrency business at home.