Coin Edition -
- Former UK Chancellor, Philip Hammond has been appointed as head of Copper.
- Hammond has been with Copper since October 2021 as an Advisor.
- Copper hopes to leverage on Hammonds profile and connections to link traditional finance with DLT.
A former chancellor in the United Kingdom (UK), Philip Hammond has been appointed as the Chairman of a crypto custodian company, Copper Technologies Limited. Hammond’s latest appointment comes after a few years of working with the company, having joined as an Advisor in October 2021.
Hammond’s new appointment allows Copper to leverage his widespread connections and high public profile to link traditional finance with distributed ledger technology (DLT). He is also expected to play a role in reforming the UK regulatory framework governing digital assets.
In an address, Hammond noted the need for a safe and well-regulated trading infrastructure for digital assets. He identified the recent security and regulatory challenges that the industry has faced as points of emphasis on the need for a well-organized ecosystem.
As chairman of Copper, Hammond continues to make the case for this potential to be realized. He reaffirmed his belief in the need for the adoption of DLT by the post-Brexit UK if it must remain a major global financial center.
Hammond states;
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