Crypto company chaired by ex-chancellor ditches push for UK registration

Quick Summary:

Copper first applied for registration in 2021, but dropped that bid in June 2022.

Copper was then forced to register in Switzerland and has since gained regulatory approval in Abu Dhabi.

Copper made a net loss of $62.1mn in 2023, compared with a net loss of $84.1mn in 2022, according to accounts filed at Companies House.

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Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Markets: United StatesChinaSwitzerland

Topics: Company Approval Financial Services Copper Crypto Companies Hammond Cryptoasset Register Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 13:47:21 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24569034

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Official Website: ft.com

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