London-based crypto custody firm Copper Technologies has withdrawn its application for registration with the UK financial regulator and is instead focusing on overseas markets, Foresight News reported.
The decision comes after the appointment of new CEO Amar Kuchinad. Copper will seek licenses or self-regulatory approvals in Switzerland, Hong Kong and Abu Dhabi, among others.
Copper had planned to expand to the United States after Trump’s election, applying for a custody or money transmission license.