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The company was founded in 2017 in China but moved its servers and headquarters out of the country upfront with the Chinese governing administration's ban on copyright investing in September 2017.

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On 28 October 2020, Forbes personnel produced leaked paperwork exhibiting that copyright and Changpeng Zhao created an elaborate corporate framework made to deliberately deceive United States regulators and secretly take advantage of copyright buyers situated in the country.

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On top of that, the SEC has collaborated with major tech organizations like Google and Meta to halt copyright's digital advertising and marketing endeavours concentrating on Filipino buyers, Even though the copyright application continues to be obtainable for down load on mainstream application suppliers.[127]}