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UK FCA Accelerates Crypto Approval: Application Processing Time Reduced to 5 Months, Recent Approval Rate Reaches 45%

Summary: According to reports from the Financial Times, the UK Financial Conduct Authority (FCA) has significantly improved the efficiency of processing cryptocurrency registration applications. Data shows that as of April this year, the registration process for crypto asset providers now only takes an average of 5 months, a significant reduction from 17 months two years ago. ...

According to reports from the Financial Times, the UK Financial Conduct Authority (FCA) has significantly improved the efficiency of processing cryptocurrency registration applications. Data shows that as of April this year, the registration process for crypto asset providers now only takes an average of 5 months, a significant reduction from 17 months two years ago. The recent approval rate has increased to 45%, far exceeding the previous level of less than 15% in the past five years.

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Link: UK FCA Accelerates Crypto Approval: Application Processing Time Reduced to 5 Months, Recent Approval Rate Reaches 45% [Copy]

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