US venture capital firm Andreessen Horowitz (a16z) is set to establish its first international office in London, led by one of its general partners, Sriram Krishnan. The office will focus on supporting web3 start-ups, blockchain technologies, and cryptocurrency development. The firm has committed $7.6bn to such firms globally. Its expansion into the UK followed “productive dialogue” with policymakers and the Financial Conduct Authority. The UK’s regulatory approach to crypto, which is seen as less severe than that in the US, is also a factor in a16z’s decision to open in London. Additionally, the UK government has expressed ambitions to attract more cryptocurrency-related businesses.
London Attracts a16z’s First International Office with Clear Crypto Regulations
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