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British Prime Minister Sunak: We Must Accept Technological Innovations Such As Web3, Welcome a16z To Open Its First Overseas Office in the UK

Following the SEC’s lawsuits against Binance and Coinbase, the lawsuits have dragged down token prices and forced market participants to seek alternative jurisdictions. With the UK at the center of Web3, Prime Minister Rishi Sunak is keen to provide regulatory clarity on how cryptocurrency businesses should register and operate in the UK.

“We must embrace new innovations like Web3 powered by blockchain technology that will allow startups to thrive here and boost economic growth,” he said in a statement. He added: “This is why I We are delighted that world-leading investor Andreessen Horowitz has decided to open their first international office in the UK."

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