Principality of Sealand
Through the mid- to late 1990s, Parekh was a frequently-cited critic of U.S. policy on encryption software. The cover story for the September 1997 issue of "Forbes" focused on his views of the political and social impact of cryptography. Through C2Net, Parekh pioneered the offshore development of cryptography by U.S. companies to avoid U.S. regulation, and later helped organize the first global conference on financial cryptography in Anguilla. He was also an advisor to and the chairman of HavenCo, a company that attempted to create a data haven in the Principality of Sealand.