A16Z begins UK expansion due to hostile US regulatory environment

A16Z begins UK expansion due to hostile US regulatory environment(a16zcrypto.com)

1 points by illumin8 2 years ago | 3 comments

fastball 2 years ago |

Is the UK really the best backup to the US in terms of "regulatory environment" (and by that they of course mean "limited regulation")?

illumin8 2 years ago | |

Apparently it's a lot better than the US under Rishi Sunak.

https://twitter.com/RishiSunak/status/1668174629695832064?s=...

How refreshing it must be to have a government run by a middle-aged person that knows how to use technology as opposed to the 80+ year old gerontocracy we have here in the US...

clipsy 2 years ago | | |

An empty and self-congratulatory comment is all you need to convince yourself that the UK (and/or Sunak in particular) is friendly to tech? He's an outspoken supporter[0] of the Online Safety Bill, which would effectively outlaw end-to-end encryption and mandate backdoors to "protect the children." A more accurate description of A16Z's move here is that they don't care about invasive and oppressive regulations as long as those regulations don't impact their bottom line, but I suppose "let us keep dodging taxes and privacy regulations and we'll help you spy on your citizens" doesn't have quite the same ring.

[0]: https://techmonitor.ai/policy/rishi-sunak-online-safety-bill...