Filecoin Project RRMine to Move to Singapore

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The largest Chinese service provider on the Filecoin network, RRMine Global, is moving its business to Singapore.

According to the announcement:

“The decision to pull out of mainland China entirely comes in light of tightening restrictions on the use of cryptocurrencies and is justified by the fact that China’s Web3 strategy is moving in a different direction.”

The company CEO Steve Tsou has said that the decision was the result of numerous discussions and “was not easy.”

According to popular journalist Colin Wu, the founder of the company and several employees were previously under investigation.