CryptoSlate
Moongate co-founder Praneet Sinha said he moved the crypto business from London to the UAE because Ras Al Khaimah's digital-asset free zone offered regulatory and tax advantages, including for converting crypto revenue into fiat to cover expenses.
Britain recorded a cumulative net loss of 507,000 British nationals from 2021 through 2025, including a provisional 136,000 in 2025. The figures cover all occupations and do not identify crypto founders or the businesses accompanying them.
Superteam UK's Brain Drain Wall received 576 voluntary submissions between July 16 and October 21, 2026: 61% said they wanted to stay, 32% planned to leave and 7% had already left. The self-selected responses are not a representative measure of UK migration. Sinha said he would have kept Moongate in London if the UK had matched the free zone's offer.
Frequently asked questions
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Why did Moongate move from London to the UAE?
Co-founder Praneet Sinha cited regulatory and tax advantages at Ras Al Khaimah's digital-asset free zone, including for converting crypto revenue into fiat to cover expenses.
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Would Sinha have kept Moongate in London under different conditions?
Sinha said he would have kept the business in London if the UK had matched the free zone's offer.
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How many British nationals did the UK lose on a net basis from 2021 to 2025?
The cumulative net loss was 507,000 British nationals, including a provisional 136,000 in 2025.
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Do UK migration figures show how many crypto founders left?
No. The figures cover British nationals across all occupations and do not identify crypto founders or businesses accompanying them.
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What did Superteam UK's voluntary submissions show?
Of 576 respondents, 61% wanted to stay in Britain, 32% planned to leave and 7% had already left. The self-selected responses are not a representative measure of UK migration.
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