Cameron and
Tyler Winklevoss, billionaire twins known for alleging that Mark Zuckerberg
stole their idea for the creation of Facebook, are planning to move their
cryptocurrency business from the United States to another location.
Citing
‘hostile’ conditions in the United States, they are considering transferring
the operations of the cryptocurrency exchange Gemini to the City of London, one
of the most important financial capitals of the world.
As The
Telegraph reported this week, the twins met with representatives of the UK’s
Financial Conduct Authority (FCA) and the local central bank to discuss the
potential of launching their operations in the UK.
Gemini has
no intention of leaving the United States entirely. Based on the statements
from the Winklevoss twins, it is clear that they intend to continue fighting
for improved regulatory conditions in their home country. However, for the sake
of their business, they are considering relocating the core of their operations
to the United Kingdom, which, in their view, has a decidedly better and clearer
approach to digital asset regulation.
“There
are so many headwinds right now in the US it’s hard to get anything done
there,” Cameron Winklevoss, one of the Gemini Founders, said. “And so
in order to keep building our business and invest in hiring, we have to look
elsewhere.”
The United States Fight
against Crypto
The
Winklevoss twins…
