According to BlockBeats, the UK's Financial Conduct Authority (FCA) is reportedly clearing its 'backlog of business' and approving an increasing number of cryptocurrency company registrations. The FCA plans to expand its cryptocurrency business staff to 100.
Steve Smart, the Joint Executive Director in charge of enforcement and market oversight at the FCA, stated in a recent speech that the registration process for cryptocurrency companies is accelerating under the regulatory body. This is due to the FCA's efforts to assist these companies in better understanding the registration process.
