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Crypto businesses seem unwilling to seriously engage with UK regulatory regime, FCA chair says

By Phoebe Seers ( March 8, 2023, 17:55 GMT | Insight) -- Cryptoasset businesses are unlikely to be willing or able to adapt to the same regulatory expectations as faced by traditional financial services firms, the new chair of the UK’s financial markets watchdog has said. Ashley Alder told lawmakers today that the significantly high rate at which crypto businesses were rejected from the FCA's registration regime was a sign of the industry’s lack of readiness to seriously engage with regulation.Cryptoasset businesses are unlikely to be willing or able to adapt to the same regulatory expectations as faced by traditional financial services firms, the chair of the UK’s financial markets watchdog has said....

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