News list for " cumbersome"

Cryptocurrency companies have withdrawn their applications due to the cumbersome and time-consuming regulatory process of the UK's Financial Conduct Authority (FCA). In the past three years, 186 companies have withdrawn their applications to register in the UK, reflecting dissatisfaction with the regulatory environment in the UK. According to Reed Smith data, from May 2023 to April 2024, the FCA received only 29 applications for registration, a significant decrease from the figures of the previo...

2024-08-31 06:29:07