Crypto Firm Registration in the UK: 🚧
- CryptoUK says the process of registering crypto firms in the UK is scaring off businesses.
- 87% of applications rejected by the FCA due to weak anti-money laundering measures.
- 70% of applications withdrawn before receiving a response.
- Average application processing time is 459 days.
- Applications are declining: 29 in 2023-2024 vs. 42 last year.
Stay informed!