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The headquarters of one of the world's largest cryptocurrency exchanges, Bitfinex, can move to the Swiss crypto-friendly Zug, as Hong Kong-based crypto-exchanges face more scrutiny from financial authorities.

Bitfinex, the Hong Kong-based crypto-exchange, is in talks with Swiss authorities about moving its headquarters to Zug, known for its loyal attitude to cryptocurrency companies.

"We want to be the most transparent of all exchanges and meet the requirements of the Swiss regulator," said the general director of the exchange Jean-Louis van der Velde.

Additionally to Zug, Bitfinex is also considering moving to London. According to Velde, he held several meetings with the Swiss State Secretariat for International Financial Affairs (SIF), as well as with the head of the Federal Economic Department Johann Schneider-Amman, who earlier this year called for creating in Switzerland a climate regulatorily favorable for cryptocurrency companies.

According to van der Velde, negotiations with the Swiss authorities were held in a constructive manner.

"We are looking for a new permanent home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations."

Currently, iFinex is registered in the British Virgin Islands.

Bitfinex became the second crypto-exchange, which intends to move its headquarters outside Hong Kong. Earlier, the world's largest crypto-exchange Binance announced its plans to move to Malta.

Recently, the Hong Kong financial regulator sent Hong Kong-based crypto-exchanges a warning, calling to delist tokens that meet the characteristics of securities but were not registered as securities with the financial authorities.