$ 121,933.3
BTC
3.50 %
$ 3,045.26
ETH
3.24 %
$ 0.7509
ADA
3.48 %
$ 702.62
BNB
1.83 %
$ 167.08
SOL
3.22 %

Gungun Bhatia
Sep 13, 2022

Filecoin Service Provider RRMine Global Moves To Singapore

RRMine Global
RRMine Global, a Filecoin storage firm that provides global cloud-computing asset management systems, has formally announced the suspension of its business activities in Mainland China and the transfer of its headquarters to Singapore.

RRMine has been tackling the issue of liquidity in Web 3.0 since its beginning, which has helped it become the top Filecoin platform in the world. RRMine Global intends to become the most reputable provider of Filecoin solutions on Web 3.0 and is devoted to offering a one-stop service to Filecoin storage providers.

Strict Regulations On Crypto Use

The decision to completely withdraw from Mainland China stemmed from the Mainland's tightening regulations on the use of cryptocurrencies. China's Web 3.0 strategy is moving on a different path, which supports the point.

RRMine Global's CEO, Steve Tsou, stated,

"Very much like other entrepreneurs, we want the best for our company, employees and community. The decision has been made after a profound examination and multiple discussions, and it has not been easy to come back from a downfall, especially when RRMine Global has continuously provided services to all its users globally without fail despite all the events that happened. From today onwards, we would like to move forward and recreate the prosperous scene from China in Singapore."

Singapore - World's Most Open Economy

Singapore has long been recognized as one of the most open economies in the world and acclaimed as a visitor center for cryptocurrency firms and activities. It has directly paved the way for Chinese crypto enterprises like RRMine Global to consider it a hub for them to relocate. RRMine Global consistently develops and grows internationally to provide available standardized Hashrate.

RRMine Global introduces "R-Datacap Storage," a newly enhanced service that will dramatically lower operational costs, increase yield effectiveness, and power the Filecoin incentive scheme.

Filecoin Service Provider RRMine Global Moves To Singapore
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Related News

Dogecoin Flashes Bullish Signal Last Seen Before Historic Surge
LIVE CRYPTO NEWS

Dogecoin Flashes Bullish Signal Last Seen Before Historic Surge

Dogecoin (DOGE) is reportedly exhibiting a compelling price pattern that mirrors its behavior just before its monumental rally in late 2020. This familiar signal has ...
Sujit Kumar2 hours ago
Top Analysts Eye XRP Breakout to $6 as Momentum Builds
LIVE CRYPTO NEWS

Top Analysts Eye XRP Breakout to $6 as Momentum Builds

XRP has recently witnessed a significant surge, crossing the crucial $3 mark, leading top crypto analysts to suggest that the digital asset could be poised for a bre ...
Sujit Kumar3 hours ago
Brad Garlinghouse vs. Brian Armstrong: Who Earns the "Steve Jobs of Crypto" Title?
LIVE CRYPTO NEWS

Brad Garlinghouse vs. Brian Armstrong: Who Earns the "Steve Jobs of Crypto" Titl ...

A lively debate is unfolding within the cryptocurrency community, centered on which prominent figure truly embodies the spirit of innovation and leadership akin to A ...
Sujit Kumar4 hours ago
Bitcoin Smashes Past $120,000 to New All-Time High
LIVE CRYPTO NEWS

Bitcoin Smashes Past $120,000 to New All-Time High

Bitcoin (BTC) has achieved yet another historic milestone, surging past the $120,000 mark to set a new all-time high. This remarkable ascent underscores a confluence ...
Ajay Agarwal5 hours ago
PinkSale AutoStakeYield Fair Launch ad
Ryan Sean Adams Proclaims Ethereum as the Next World Reserve Asset
LIVE CRYPTO NEWS

Ryan Sean Adams Proclaims Ethereum as the Next World Reserve Asset

Leading crypto investor Ryan Sean Adams has put forth a bold claim, asserting that Ethereum (ETH) is poised to evolve into the world’s next reserve asset. This ...
Sujit KumarJul 12, 2025