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Nearly 9 in 10 Crypto Registration Applications Failed UK AML Standards: FCA

Retrieved on: 2024-09-05 21:29:30

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Summary

The article discusses the UK's Financial Conduct Authority (FCA) stringent regulatory framework for cryptocurrency firms which led to a high rejection rate of registration applications. Despite the focus on regulatory compliance, firms face challenges, leading some to relocate. This is pertinent to the key concept of 'cryptocurrency' and tags relating to regulation, compliance, and markets within the UK and Europe.

Article found on: www.financemagnates.com

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