đ UK Crypto Firms Face Registration Woes! đ
CryptoUK says the UK's lengthy FCA registration process is scaring off crypto firms. đ± Only 4 out of 35 applications got the green light, with many withdrawing due to the daunting requirements.
- **87% failure rate**: FCA cites weak fraud protection.
- **459 days**: Average time to process an application.
- **Declining interest**: Fewer firms applying each year.
Is the UK losing its crypto edge? Share your thoughts in the comments! đŹ
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