Winklevoss Twins are looking at the United 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 Gemini’s financing in the country.
Hard to get anything done in the US: Winklevoss Twins
Blaming the United States regulator’s hostile approach towards cryptocurrency, Winklevoss twins informed The Telegraph there are so numerous headwinds at this time that it’s hard to get anything done. “And so to be able to keep building our business and invest in hiring, we have to look elsewhere,” 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 United States than in the United States, and there is probably a jurisdiction or country that … maybe is larger than the US.
The cryptocurrency billionaires revealed that they are looking to invest heavily in the United Kingdom. “Whether you want to call that a Second headquarters or worldwide headquarters, we very much are looking at places like the United Kingdom and understanding how do we invest more here,” Ca,meron Winklevoss said.
Gemini is not leaving the US
The Winklevoss twins have no intention to leave the United States regardless of actively growing outside of the country’s borders. “We’re going continuation to fight the good fight there. On the other hand, we likewise understand that you can vote with your feet, and that’s our right and we will do that when faced with a hostile environment,” Cameron added.
Nonetheless, the twins warned that they have some reservation regarding the inconsistent attitude towards digital 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.