- The siblings are currently visiting various locations across the country to explore potential investment opportunities.
- The billionaire crypto entrepreneurs have expressed their interest in making investments in the United Kingdom.
Facing challenges in the United States, the Winklevoss twins are contemplating establishing their cryptocurrency empire in the United Kingdom. Tyler and Winklevoss, the founders of the Gemini cryptocurrency exchange, revealed that they had engaged in discussions with representatives from the Financial Conduct Authority and the Bank of England.
The siblings are currently exploring various locations across the country as they search for investment opportunities on behalf of Gemini. The Winklevoss twins expressed their frustration with the current regulatory climate in the United States, stating that it is hindering their ability to accomplish tasks effectively.
Cameron Winklevoss voiced his statement as follows:
“To continue growing our business and invest in hiring, we need to explore other options,” Cameron Winklevoss explained.
No intentions to depart from the United States:
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The co-founder of Gemini also mentioned their expectation that their international workforce would eventually surpass their domestic one. They believe that there might be a jurisdiction or country larger than the US where they could potentially expand. The billionaire crypto entrepreneurs have openly expressed their interest in making substantial investments in the UK.
Cameron Winklevoss further commented:
“Whether we label it as a second headquarters or global headquarters, we are actively exploring locations such as the UK to understand how we can increase our investments there.”
Although they are rapidly expanding internationally, the Winklevoss twins have no intention of leaving the United States.
However, the twins expressed doubt, referring to a recent study conducted by British lawmakers that compared the cryptocurrency industry to gambling. They cited this as an example of the country’s inconsistent position on the industry.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
