Making significant investments in the blockchain industry, a16z has decided to open its first office overseas. The US-based capital venture chose the European region for its first headquarters abroad. According to the news reflected in the crypto press, the new investment office will be located in London, England.
In answer to the question why the leading investment firm chose London, some factors come to the fore. Unlike the USA, the clear attitude in crypto regulations in the island country caused incubation projects to prefer the UK. In its statement, a16z emphasized that the government has adopted to support startups.
The leading capital provider announced yesterday that it has made a significant investment in the region. a16z announced on Sunday that it is supporting artificial intelligence provider Gensyn. Combining artificial intelligence and blockchain technology, Gensyn has raised $43 million in Series A round funding.
UK Embraces Crypto Startups
Andreessen Horowitz stated that the UK is on track to become the World leader in crypto. The island nation hosts more projects than the major EU members combined (Germany, France, Sweden).
The government led by Rishi Sunak wants to integrate crypto assets into the financial services industry. However, some institutions affiliated with the kingdom have defined cryptocurrencies as gambling. This led to the reaction of some investors. In addition to minor disagreements in the UK, crypto uncertainty continues in the US.
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