According to Foresight News, London-based crypto custody company Copper Technologies has withdrawn its application for registration with UK financial regulators, instead focusing on overseas markets.
This decision was made after the company's new CEO Amar Kuchinad took office. Copper will seek licenses or self-regulatory approval in places such as Switzerland, Hong Kong, and Abu Dhabi.
Copper had planned to expand into the U.S. after Trump's election, applying for custody or money transmission licenses.