UK’s finance watchdog defends ‘too tough’ on crypto stance
The FCA has defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder the UK’s global financial leadership. Go to Source
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UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto … Read more
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence. Go to Source