UK’s lengthy crypto registration regime a ‘real success,’ former top financial regulator says

By Phoebe Seers ( October 23, 2024, 15:21 GMT | Insight) -- The long time that the UK's Financial Conduct Authority took to register cryptoasset firms against its anti-money laundering regime made for a "real success," UK lawmakers examining regulators' contribution to UK growth and international competitiveness heard today. The FCA and the Bank of England's Prudential Regulation Authority have a secondary objective, introduced last year, requiring them to factor UK growth considerations into the exercise of their functions.UK lawmakers scrutinizing the financial regulators’ contribution to UK growth and international competitiveness heard today that it was a “real success” that the Financial Conduct Authority continued to take a long time to register cryptoasset firms against its anti-money laundering regime....

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UK’s lengthy crypto registration regime a ‘real success,’ former top financial regulator says

Prepare for tomorrow’s regulatory change, today

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