"The road to registration has come to an abrupt end! Copper withdraws from the UK crypto market layout?"
Copper Technologies, a London-based crypto custody company, announced that it has withdrawn its application for registration with the UK financial regulator. New CEO Amar Kuchinad said the company will refocus on overseas markets and plans to obtain licenses or seek self-regulatory approval in regions such as Switzerland, Hong Kong and Abu Dhabi.
This strategic adjustment reflects the company's reassessment of the global regulatory environment. Copper had planned to expand to the United States after Trump's election and apply for custody or money transmission licenses, but it is clear that in the current economic and policy environment, overseas markets have become a new focus of its development.
This move has also triggered more discussions on the future direction of regulatory policies in the crypto industry, especially how to find a balance between compliance and innovation in a complex global framework. To learn more about industry trends, follow Jiaoshou and interpret market trends with us.
