UK PM Pledges Support For Blockchain & Web3

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Andreessen Horowitz (a16z), the largest venture capital firm, has made a significant move by establishing its first foreign office in London, despite the increasing challenges facing cryptocurrencies in the United States. Moreover, a16z plans to host the country’s second “Crypto Startup School” accelerator program in 2024. The decision has been warmly welcomed by UK Prime Minister Rishi Sunak, who aims to strengthen the blockchain and web3 sectors. The Prime Minister, along with policymakers, has pledged to introduce precise legislation and standards to promote digital asset businesses and foster web3 development.