The newly revived  Dogecoin Foundation —which now numbers Elon Musk’s representative Jared Birchall and Ethereum  co-founder Vitalik Buterin among

Exclusive: New Dogecoin Foundation Plans Liechtenstein HQ

submited by
Style Pass
2021-08-18 16:00:03

The newly revived Dogecoin Foundation —which now numbers Elon Musk’s representative Jared Birchall and Ethereum co-founder Vitalik Buterin among its advisors—looks set to be headquartered in Liechtenstein, the core team behind the meme cryptocurrency has revealed exclusively to Decrypt . 

“We are currently in talks with people in Liechtenstein to establish a long-term legal entity there,” said Dogecoin Foundation board member Jens Wiechers. Fellow board member and core developer Ross Nicoll added that Buterin, who helped establish the Ethereum Foundation in Switzerland, had already given the team “extremely valuable” advice on the process involved.

Wiechers explained that, while the foundation has existed as a non-profit in the U.S. since 2014, recent developments around open source and the treatment of cryptocurrency nonprofits or charities had ruled out basing the foundation in the U.S. in the long term. Liechtenstein, on the other hand, has remained “incredibly crypto-friendly,” and, as a member of the European Economic Area (EEA) would give the foundation “flexibility to operate with other European organizations.”

The Dogecoin Foundation manifesto was published on Sunday, and declared its ambitious goal: to develop “a currency for the people.” 

Leave a Comment