According to a16z Crypto founder Chris Dixon, the decision to move some of Andreessen Horowitz’s operations to the European market was made against a backdrop of increased pressure from U.S. officials.. Especially directed against the world’s largest cryptocurrency exchanges Binance and Coinbase.
The head of a16z noted that the choice of the UK as a future location for the incorporation of the company’s European office was made in view of the country’s unique approach to the web3 sector, adapted to the regulation of blockchain and digital assets.
The businessman believes that a plus in favor of the UK is the use of a “regulatory sandbox” in relation to new methods to control the industry, as well as the formation of policies that encourage the development of an ecosystem of cryptocurrency startups.
“We need a jurisdiction and regulatory framework that promotes decentralization, not impedes. We believe that the UK is on the right track to become a leader in cryptocurrency regulation,” Chris Dixon announced.
.
Andreessen Horowitz’s new international office is expected to open later this year and will focus on serving customers from the U.K. and the rest of Europe.
Earlier, plans to move their headquarters to the U.K. due to the hostility of U.S. regulators were announced by
Gemini exchange founders Tyler and Cameron Winklevoss.