RRMine Global, a Filecoin service provider offering global cloud-computing asset management, is moving its headquarters to Singapore from China due to cryptocurrency restrictions in Mainland China.The company has rebranded from RRMine to RRMine Global in accordance with the decision to move headquarters.Explaining the rationale behind the decision making, RRMine Global said “The decision to wholly exit from Mainland China due to the tightened restrictions on cryptocurrency usage in the Mainland and was solidified by the fact that China’s Web3.0 strategy is going in a different direction.”Following the move, RRMine Global will launch its upgraded service called R-Datacap Storage. The upgrade will reduce Filecoin’s operational cost, increase its yield effectiveness, thus drive more incentives for users.Singapore offers a relatively balanced regulatory approach toward the emerging crypto industry; this open attitude has driven the development of the crypto industry in the re
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Singapore is becoming a well established Web3 and crypto hub; a favorite location for projects that no longer feel welcomed by the regulations in their home countries.