🚀 The annual report of the UK Financial Conduct Authority (FCA) is out! As of March 31, 2024, 87% of cryptocurrency company registration applications did not meet the standards, and only 4 out of 35 applications were successfully approved. The lucky ones include Binance payment partner BNXA, PayPal's UK subsidiary and Komainu, a crypto custody company jointly established by Nomura Securities. The remaining applications were rejected or dismissed due to the lack of key assessment factors. What do you think of the FCA's strict standards? Chat in the comments section! 💬#Blockchain#Cryptocurrency #FCA