🚀 Breaking News in the DeFi & Web3 World! 🌐

The FCA revealed that a whopping 87% of crypto firms failed to meet approval standards in 2023-24. Out of 35 applications, only 4 made the cut, including Binance's payments partner, BNXA, and a PayPal U.K. unit.

But hey, don't panic! The FCA is working hard to guide firms on good practices. So far, 44 crypto companies have successfully registered under anti-money laundering rules since 2020.

Got thoughts on this? Drop your comments below! Let's discuss how this impacts the future of DeFi and Web3! 💬👇 #Crypto #DeFi #Web3 #FCA