Home Metaverse Andreessen Horowitz applauds UK’s progressive approach to crypto regulation as a16z to open UK office

Andreessen Horowitz applauds UK’s progressive approach to crypto regulation as a16z to open UK office

0 comment

Andreessen Horowitz (a16z) General Partner Chris Dixon It praised the UK’s regulatory approach to cryptocurrencies and announced plans for domestic expansion, including the opening of its London office, its first international office outside the United States.

U.S. regulators have taken an increasingly hostile stance against the digital asset industry in recent months, fueled by SEC lawsuits targeting Binance and Coinbase last week.

Operation Choke Point 2.0, even a covert tactic to cut support for cryptocurrency banks through a16z, despite accusations of regulatory overreach by US officials reconfirmed He expressed his commitment to the U.S. operation and said he would continue to lobby for clear rules.

“We will continue to invest heavily in the United States. We remain committed to working with policymakers and regulators in the United States to drive greater regulatory clarity for cryptocurrency startups here. To go.”

UK crypto ambitions are “on track”.

Dixon It acknowledged the difficulties faced by regulators around the world in balancing investor protection and “deregulation”. Harmful “Casino” CultureA problem typical of the crypto industry, exacerbated by the novelty of digital asset technology.

Nonetheless, local regulators are working with the industry to “lay the groundwork” for blockchain-based applications, utilize regulatory sandboxes, and “Outcome-based regulation,” Dixon believes UK Web3 startups will thrive.

high tech venture capital firm Conceded There are still regulatory hurdles to resolve. However, the country believes it is “on the right track” to establish itself as a leader in Web3, and this is why it has set up its London office to “grow the cryptocurrency and startup ecosystem in the UK and Europe”. spurred the decision to establish

Commenting on a16z’s UK expansion plans, UK Prime Minister Rishi Snack said:

“Its success is based on having the right regulations and guardrails in place to protect consumers and foster innovation. We are determined to turn it into the world’s Web3 center.”

 

Andreessen Horowitz’s post praised the UK’s progressive approach to cryptocurrency regulation when UK office-opening a16z first appeared on CryptoSlate.

index (2)

About Us

Coingeography is a principal independent digital media resource with a coverage of comprehensive news on Crypto assets, NFT, Metaverse and the surging Web 3 space. We here deliver the most authentic and precise news from the arena of the Web 3 space and crypto assets. 

Feature Posts

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Copyright ©️ All rights reserved. | CoinGeography – Powered by Corum8