a16z: Venture capital giant to open first non-US office in London

Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London.General partner Chris Dixon believes regulation should help stamp out crypto's"casino culture."

Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London as it bets on the British government to become a leader in crypto regulation. The new office, due to open later this year will be led by general partner Sriram Krishnan and will be dedicated to expanding the crypto and startup ecosystem in both the UK and Europe. The famed tech investor, which has backed the likes of Twitter, Facebook, and Stripe, said that strong regulation was required to dispel the"casino culture" that had developed around crypto.

Andreessen Horowitz's move comes as US regulators continue a crackdown on the emerging technology. In recent weeks the Securities and Exchange Commission has taken aim at leading crypto exchanges Coinbase and Binance for alleged violations of securities lawsMeanwhile, venture capital funding to crypto companies has collapsed over the past year. Startups in the sector raised $2.6 billion across 353 deals in the opening three months of the year, a 78% annual decline,

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. For Expansion.a16z looks to expand in the U.K., choosing London as its first destination for an office outside the U.S. Also, open interest tied to Binance's $BNB token continues to rise. LedesmaLyllah reports in First Mover Americas
Source: CoinDesk - 🏆 291. / 63 Read more »