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It took UK regulator ‘25 years’ to assess all crypto applications

A Freedom of Information request revealed crypto asset firms registering with the UK’s financial regulator have fallen 51% over three years.

FCA tackles ‘operational backlog’ with 100 crypto staff

The UK’s financial watchdog, the FCA, says it’s aiming to approve more crypto firms after previously rejecting up to 86% of applicants.

The UK’s Financial Conduct Authority (FCA) has been criticized by the National Audit Office for acting too slow to enforce crypto laws.

Crypto exchange Poloniex has been added to the FCA’s naughty list after a string of curious hacks on Justin Sun’s entities.

Crypto promotions came under the FCA’s remit earlier this month and it has highlighted three red flags that it will be cracking down on.