Binance CEO Changpeng Zhao urged other countries to “work harder” to remain attractive to businesses now that the US is embracing cryptocurrencies.
This comes after US venture capital giant Andreessen Horowitz (a16z) decided to close its London office, according to a report. a report By Financial Times.
The venture capital firm, founded by Marc Andreessen and Ben Horowitz, is shifting its focus away from the UK to prioritize the US market.
However, the company is not abandoning the UK, claiming that it is ready to “help” the country with its cryptocurrency efforts.
Zhao appeared to suggest that other companies could follow suit by refocusing on the United States.
The United States has seen a sea of change regarding cryptocurrency policy over the past week.
As reported by U.Today, the new SEC administration has now made it possible for large banking institutions to hold cryptocurrencies.
Furthermore, a Cryptocurrency Working Group has been established in order to promote the development of the industry.
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