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The UK's Financial Conduct Authority has failed to approve cryptocurrency company registration applications for six consecutive months

The UK's Financial Conduct Authority (FCA) has not approved any cryptocurrency company registration applications for six months in a row, bringing the country's vision of becoming a global hub for crypto-asset technology to a standstill. According to FCA data, only four of the 34 applications received in the past 12 months were approved, the most recent of which was in February this year. The UK's Financial Conduct Authority has said that the majority of crypto companies fail to meet its anti-mo...

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2024-08-26 23:41:53