Crypto regulations in the United States, Europe, and Asia have been intensifying over the years, forcing many crypto companies to move overseas in order to continue operating. This has actually caused most of the biggest crypto companies to be based in tiny island nations like Malta and the Seychelles.
Now Ocean Builders is taking this concept to the ultimate level by launching a crypto cruise ship. Literally they are converting a cruise ship into 200 offices, where crypto companies can incorporate. Even better, the cruise ship will be anchored in the Gulf of Panama, which is an ideal crypto business location since Panama has some of the most lax financial regulations in the world.
Best of all, the cruise ship will be named Satoshi, and will have a self-sustaining ecosystem with medical services, restaurants, and even a water park and casinos.
Apparently the 200 cabins, each of which can be used to incorporate a business in Panama, will go on sale in November for $25,000-$50,000 each, and then by 2021 the Satoshi cruise ship will officially open for business.
Zooming out, a crypto business center cruise ship is exactly what the crypto space needs. Regulations worldwide have been rapidly shifting and escalating, creating a very difficult situation for companies that are landlocked.
Indeed, even if one day in the future regulations in Panama become too strict for crypto companies to operate, the Satoshi cruise ship can just set sail and go to a more favorable location like Malta or the Seychelles.
Basically, a crypto cruise ship provides flexibility that crypto companies desperately need, and it will be interesting to watch how this experiment evolves.