FCA takes over a year to process UK crypto exchange applications 🇬🇧
- Average 459 days to process applications over the past 3 years
- New applications drop sharply, down to 7 in Q1/2024
- 186 applications withdrawn over the past 3 years
📉 The drop in applications could be a sign that crypto companies are looking overseas. But it could also be that they have a better understanding of the FCA's requirements.
What do you think about this situation? Comment below! 💬
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