Filecoinservice provider RRMine Global, ceases its operations in China and moves its headquarters to Singapore.
The company made the decision to withdraw completely from China due to the tightening restrictions on the use of cryptocurrencies. In addition, China’s move in a different direction in its Web3 strategy was also influential in this decision.
RRMine Establishes New Headquarters in Singapore
Aiming to be the most trusted Filecoin service provider on the Web3, RRMine has sailed out of China for Singapore.
The biggest factor in the company’s decision to leave was China’s restrictions on cryptocurrencies. At the same time, Singapore’s long standing as one of the world’s most open economies and touted as a welcoming hub for crypto activities has directly paved the way for the transition.
Taking its first steps towards a new beginning, RRMine has also announced a newly upgraded service, ‘R-Datacap Storage’, which will significantly reduce operational costs, increase throughput efficiency and drive the Filecoin incentive scheme.
Global CEO of RRMine Global Steve Tsousaid on the subject:
“We want the best for our company, our people and our community. Especially RRMine Global’s recovery from the collapse was not easy. Despite all the events, it provided uninterrupted service to all its users around the world. Starting today, we want to move forward and recreate the rich scene from China to Singapore.”
