UK Prime Minister Paves Path for Web3 Expansion
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The willingness of the UK government to work with crypto signals its attractiveness as a destination for Web3 startups, potentially increasing investment, innovation, and collaboration in the space. That is the reason why a16z is expanding to the UK. The move comes as the UK government, led by Prime Minister Rishi Sunak, aims to position the country as a global hub for web3 technology.