🚀 **Crypto Regulation in the UK: FCA's Tough Love Approach!**
- The UK's Financial Conduct Authority (FCA) is standing firm on its rigorous crypto regulations, despite some calling them "too tough."
- Val Smith from the FCA emphasized that high standards are crucial to protect consumers and maintain market integrity.
- Critics argue these measures could stifle innovation, but Smith insists they're essential for long-term success.
- The FCA's thorough vetting process aims to keep bad actors out, but the local crypto community finds it a bit of a buzzkill.
- Despite the pushback, the FCA is committed to supporting crypto businesses through the registration process. 🌐