The U.K. Financial Conduct Authority said more than 87 percent of crypto company registrations received in 2023-24 did not meet approval criteria.
The UK's Financial Conduct Authority (FCA) said in its annual report that only four out of 35 applications received in the 12 months to March 31 were successful in qualifying. Companies that have successfully registered include Binance's payments partner, BNXA (PayPal's UK subsidiary), and Nomura's cryptocurrency custody joint venture, Komainu. The remaining companies were either denied licences or rejected for lacking the key elements required for the assessment.
UK Financial Conduct Authority: 87% of crypto company registration applications fail to meet approval standards
2024-09-05 16:03:30
UK Finance Bank Regulation Authority says 2023 24 Received Cryptodesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Web3游戏平台E-PAL完成总额3000万美元融资
