Copper withdraws application for cryptocurrency registration in the UK

London-based cryptocurrency custody company Copper Technologies has withdrawn its application for registration with the UK financial regulatory agency and is now focusing on overseas markets. The decision was made after Amar Kuchinad took over as the new CEO of the company, and Copper will seek licenses or self-regulatory approval in Switzerland, Hong Kong, Abu Dhabi, and other places. Copper had planned to expand to the United States after Trump's election, applying for custody or currency transfer licenses.