Cryptocurrency company Copper withdrew its application for registration in the UK and shifted its strategic focus to overseas markets

On December 20th, Jinshi Data reported that Copper Technologies, a cryptocurrency custody company, withdrew its application for registration with the UK financial regulator and announced a shift in focus to overseas centers under the leadership of its new CEO. Copper, chaired by former UK Chancellor of the Exchequer Philip Hammond, is one of the largest cryptocurrency enterprises in the UK, headquartered in London. The company’s former CEO, Dmitry Tokarev, founded the company in 2018 and resigned in October this year. Amar Kuchinad, the new CEO, stated, ‘Since joining the company, refining the company’s global rise strategy has always been my top priority, which requires us to make key decisions in terms of direction and approach.’

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