Lord Hammond will work with the police as a consultant.
Copper, for cryptocurrency police and trading startups Announced The former head of the treasury, Lord Philip Hammond, joined the company as a senior adviser.
Copper, a UK-based company founded in 2018 and focused on institutional investors, said in a statement that Lord Hammond would take immediate responsibility.
Hammond is one of the most important political figures in the UK to join as a consultant to a cryptocurrency company. The former Member of Parliament served between 2010 and 2019, another key role was that of Secretary of State.
Hammond is expected to provide strategic advice to cryptocurrency employees as soon as they enter the United States to expand their services around the world. In addition, the former president will protect the UK as a leader in the emerging blockchain and cryptocurrency space.
Copper has seen significant growth over the past year, with Dmitry Dokarev, CEO of the company, noting that cryptocurrency now serves more than 400 corporate customers.
Dokrev also points to Copper’s focus on expanding into a regulatory compliance environment, with Lord Hammond providing important experience and expertise in the area.
Commenting on his new stake in Copper, Hammond said it was an opportunity to use Copper’s digital assets and business technology to revolutionize the delivery of financial services.
It is important to work with everyone, be it business, government or regulators, and as a result maintain the UK position in this sector for decades.
Copper raised $ 25 million in the Series C financial round led by UK hedge fund billionaire Alan Howard in June. That injection was added to the $ 50 million raised in its Series B financial round, which ended in May.
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