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Number of UK crypto firms operating under FCA temporary registration status drops

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The number of crypto firms allowed to operate in the UK under temporary registration status used to be 12. It has now dropped to five.

for “a small number of firms where it is strictly necessary,” which included 12 companies at the time.

In the United Kingdom, firms permitted to “carry out crypto asset activities” must either be registered with the FCA or have been granted temporary status — originally set to expire in March 2022 — following a crackdown on Anti-Money Laundering and Combatting the Financing of Terrorism compliance. In the last year, the FCA has

 

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The change comes after the UK Treasury announced on Monday that it would amend its existing regulatory framework to include stablecoins used as a means of payment

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