RRMine Announces Migration to Singapore
RRMine Global, a filecoin hosting company that provides worldwide cloud-computing portfolio management systems, has formally announced the shutdown of its commercial operations in Mainland China and the relocation of its headquarters to Singapore. From its beginning, RRMine has been tackling the liquidity issue in Web3.0, propelling it to become the world’s premier Filecoin marketplace. In addition, RRMine Global is dedicated to future one-stop services for Filecoin storage providers. It intends to become the most trusted Filecoin service company on Web3.0.
The Move An Outcome of Strict Restrictions in China
The choice to withdraw completely from Mainland China was made in response to tightening limitations on cryptocurrency adoption in the Mainland. It was reinforced by the premise that China’s Web 3.0 policy is heading in the opposite direction. Moreover, the CEO of RRMine Global, Steve Tsou uncovered the reason behind migration as a setback which is caused by strict policies in mainland China.
Singapore has traditionally been recognized as one of the most open economies in the world and a friendly centre for crypto firms and services. This has paved the way for China’s crypto businesses to explore it as a hub to relocate. Furthermore, it consistently advances and extends worldwide to ensure standardized Hashrate, keeping with Singapore’s aim to become a global crypto economy hub.
RRMine Global Advances and Extends Worldwide
RRMine Global introduces ‘R-Datacap Storage,’ a newly enhanced service that will dramatically cut operational expenses, boost yield effectiveness, and drive the Filecoin incentive package, as the first step toward a new beginning. In the last couple of years, RRMine has largely focused on increasing its capacity to store larger files. Now, this point has distinguished it from other blockchains because other blockchains typically provide storage for small-sized files, that too with high fees.
RRMine Global has collected many honours in Mainland China. It received the Excellent in Technology Innovation Award at Fintech Summit USA 2019 and The Golden Globe Award at FINWISE Summit 2019 (Hong Kong) in 2019. Furthermore, InterPlanetary File System (IPFS) Most Influential Companies 2020 and FAT Storage Brand of The Year 2020 in 2020.
