If they're planning on monetising, a LTD company is a pretty standard choice, isn't it?
Given the UKs ongoing war on cryptography, I took more pause with the location than the corporate structure.
How are you going to monetise without collecting a whole bunch of personal data? Crypto? Even if you believe that the future of payments is crypto, it's not like the average person easy access to crypto funds which massively limits your ability to monetise.
That's.... Bizarre unless they think this is not exposed to the incoming legislation?
"Proposed", not "incoming". We will react appropriately IF it is passed and IF it applies to us. The UK as a jurisdiction has many advantages over alternatives.
'we' as in you're related to the Simplex project?
If so what is the contingency plan? Out of curiosity I'd assume it's not secret anyways?