UK’s FCA Gives Regulatory Approval To Crypto Firms But Only A Few, Here’s Why

Despite its goal to become a crypto hub, the United Kingdom (U.K.). is still strict with its crypto regulations. Today, the U.K. financial conduct authority disclosed its regulatory approval of crypto firms, and out of the 300 that applied for approval, only 41 were cleared. Rejected applications were referred to law enforcement agencies. The U.K.’s