- The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time.
- British lawmakers and the crypto industry have criticized the country’s top financial regulator for being slow in processing license applications and for rejecting many applicants despite the government previously stating that it wants to make the U.K. a global hub for crypto assets.
- In May, the U.K. government outlined its plans to support crypto adoption and confirmed its commitment to regulate stablecoins.
UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a…
