The UK Financial Conduct Authority (FCA) Has Announced That Almost 9 Out of 10 Crypto Registration Applications Do Not Meet UK AML Standards
Amid rising regulatory scrutiny, the UK’s Financial Conduct Authority (FCA) has denied over 87% of cryptocurrency registration applications. The regulator’s most recent update indicates that it has received a number of applications for its latest review. These high rejection rates underscore the difficulties crypto firms encounter in complying with the UK’s stringent anti-money laundering (AML) requirements…
