According to TechFlow, on June 27, according to Protos, the UK Financial Conduct Authority (FCA) said that in order to clear operational backlogs, the FCA is accelerating the approval of registered cryptocurrency companies and expanding its cryptocurrency team to 100 employees. Currently, there are 44 crypto companies registered with the FCA.
In December, the U.K.’s National Audit Office criticized the FCA for being too slow in cryptocurrency enforcement, noting that more crypto-savvy staff were needed to prevent registration delays.
