Winklevoss Twins are looking at the Unitedย Kingdom to ground their cryptocurrency empire amid hostile climate in the United States.
Cryptocurrency exchange Gemini founders Tyler and Winklevoss twins revealed that they met officials at the Financial Conduct Authority and Bank of England. The twins are actively scouting locations to focus Geminiโs financing in the country.
Hard to get anything done in the US: Winklevoss Twins
Blaming the Unitedย States regulatorโs hostile approach towards cryptocurrency, Winklevoss twins informed The Telegraph there are so numerous headwinds atย thisย time that itโs hard to get anything done. โAnd so toย beย ableย to keep building our business and invest in hiring, we have to look elsewhere,โ Cameron Winklevoss added.
Gemini co- founder further stated that they see a point in the future where they have a larger headcount outside of the Unitedย States than in the Unitedย States, and thereย is probably a jurisdiction or country that โฆ maybe is larger than the US.
The cryptocurrency billionaires revealed that they are looking to invest heavily in the Unitedย Kingdom. โWhether you want to call that a Second headquarters or worldwide headquarters, we very much are looking at places like the Unitedย Kingdom and understanding how do we invest more here,โ Ca,meron Winklevoss said.
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Gemini is not leaving the US
The Winklevoss twins have no intention to leave the Unitedย States regardlessย of actively growing outside of the countryโs borders. โWeโre going continuation to fight the good fight there. Onย theย otherย hand, we likewise understand that you can vote with your feet, and thatโs our right and we will do that when faced with a hostile environment,โ Cameron added.
Nonetheless, the twins warned that they have some reservation regarding the inconsistent attitude towards digitalย currency corporations in Britain, highlighting a recent report from MPs that compared the sector to gambling. Cryptocurrency billionaires, who once sued Mark Zuckerberg over Facebook, stated they have expressed concerns regarding inconsistency as they are looking continuation to double down on this market.
