UK PM Pledges Support For Blockchain & Web3

Despite the growing difficulties facing cryptocurrencies in the US, Andreessen Horowitz (a16z), the largest venture capital firm, has taken a huge step by opening its first foreign office in London. Additionally, a16z intends to host the second “Crypto Startup School” accelerator programme in the nation in 2024. UK Prime Minister Rishi Sunak, who wants to expand the blockchain and web3 industries, has warmly embraced the decision. The Prime Minister and other decision-makers have promised to enact exact regulations and standards to support firms that deal in digital assets and encourage the development of web 3.