A16z Chooses London as Destination for First Office Outside U.S.

A16z's move comes as the U.K.'s crypto regulatory outlook is gaining clarity. The government plans to bring crypto into the realms of existing financial services regulation, an approach that is supported by the All Party Parliamentary Group (APPG) for crypto assets. There is some disagreement, however, from the House of Commons Treasury Select Committee, which says crypto should be treated like gambling. That proposal has met with backlash by those in the industry.