- Cooper announced the withdrawal of its FCA registration application and plans to focus on expanding overseas hubs.
- Cooper has been pursuing regulatory approvals in overseas markets such as Switzerland, Hong Kong, and Abu Dhabi, having failed to secure a permanent UK license from the FCA.
- This decision is part of a plan to strengthen its global business strategy under the leadership of new CEO Amar Kuchinad.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Global cryptocurrency custody firm Cooper has announced the withdrawal of its registration application with the UK's Financial Conduct Authority (FCA).
According to a report by The Block on the 20th (local time), Cooper stated, "Under the leadership of the new CEO, Amar Kuchinad, we plan to focus on expanding overseas hubs."
Cooper failed to secure a permanent UK license during the FCA's virtual asset business registry update in 2022, and since then, it has turned its attention to overseas markets such as Switzerland, Hong Kong, and Abu Dhabi to secure its own regulatory approvals.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEEPiCK News
US January Service PMI Final at 52.9, Slightly Exceeds Market Expectations
8 minutes ago
US Job Market Starts Strong This Year... Will Fed's 'Cautious Rate Cut' Gain Momentum?
13 minutes ago
U.S. January ADP Nonfarm Employment at 183,000... Far Exceeds Wall Street Expectations
1 hours ago
Today, Major Exchanges See Inflow of 130 Billion USDC... "4 Times the Average Annual Daily Inflow"
3 hours ago
Bitcoin Mentioned Only Once... 'US Crypto Czar' Press Conference Leads to $100,000 Level Collapse
4 hours ago
Ranking News