UK rejects majority of crypto business registrations due to concerns over money laundering compliance

From Cointelegraph
September 5, 2024 10:12 PM:

The UK Financial Conduct Authority rejected 31 out of 35 crypto business registrations due to concerns about money laundering compliance. Only 4 registrations were accepted out of the 35 applications received.

Read more at Cointelegraph: 87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls