According to Chris Dixon, the founder of a16z Crypto, the decision to move Andreessen Horowitz to the European market was made against the backdrop of increased pressure from US officials. Especially directed against the world’s largest crypto exchanges Binance and Coinbase.
The head of a16z noted that the choice of the UK as the future place of incorporation of the European office of the company was made taking into account the country’s unique approach to the web3 sector, adapted to the regulation of blockchain and digital assets.
The businessman believes that the advantage in favor of the UK is the use of a “regulatory sandbox” in relation to new methods of controlling the industry, as well as the formation of a policy that stimulates the development of an ecosystem of cryptocurrency startups.
“We need jurisdiction and a regulatory framework that promotes decentralization, not hinders it. We believe the UK is on the right track to become a leader in cryptocurrency regulation,” Chris Dickson announced.
Andreessen Horowitz’s new international office is expected to open later this year and will be focused on serving clients from the UK and the rest of Europe.
Earlier, Tyler and Cameron Winklevoss, founders of the Gemini exchange, announced their plans to move the headquarters to the UK due to the hostile attitude of US regulators.
Source: Bits
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