.CopperHQ Chair PhilipHammondUK says the U.K. country has allowed itself to fall behind some of its neighbors in establishing itself as a crypto hub. By JamieCrawleyCD
“The UK needs to be leading in this area post-Brexit,” Hammond said."It’s allowed itself to slip behind. Switzerland is further ahead. The EU is also moving faster. There has to be appetite to take some measured risk.”
The custodian was among the firms that withdrew its application to register with the Financial Conduct Authority last year, . Hammond blamed the move on the slowness of the FCA and said that Copper hopes to return to the U.K. in the future.joined Copper as an adviserCopper is also close to finalizing another funding round, which would value the firm at $2 billion, Hammond told the FT. Copper lastThe firm did not immediately respond to CoinDesk's request for further comment.
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