Britain should ask crypto founders what would have kept them here

When I asked Praneet Sinha why he left Britain, he said it came down to operational and financial efficiency. He co-founded his crypto startup, Moongate, in London in 2022. The business planned to collect its fees in crypto, which would mean converting that revenue into fiat to pay salaries and running costs. That is why he moved the business from the UK to the UAE, setting up in RAK DAO, a free zone for digital-asset companies in Ras Al Khaimah. He is now based in Abu Dhabi, having moved in August 2024. Moongate Labs Ltd, the UK company, was dissolved in July 2025, and MoonPay acquired the business in June 2026 .

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