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- 186 applications withdrawn over the past 3 years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! 💬

#Crypto#Blockchain#BTC#FCA #FinanceNews