🇬🇧 UK crypto firms struggle with lengthy FCA registration process!

🔍 CryptoUK says many firms are reluctant to register due to high documentation and financial requirements.

📉 87% of applications rejected due to weak anti-fraud and money laundering protections.

📅 It takes an average of 459 days to process an application.

📊 Number of applications declining, fears UK is losing ground to more crypto-friendly jurisdictions.

💬 What do you think of the FCA registration process? Share your thoughts!#Crypto#Blockchain#Finance#UKCrypto