A16Z begins UK expansion due to hostile US regulatory environment
a16zcrypto.comIs the UK really the best backup to the US in terms of "regulatory environment" (and by that they of course mean "limited regulation")?
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...
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...