UK Prime Minister Rishi Sunak's cryptocurrency ambitions, which has vowed to transform the country into a crypto hub, have been hit by low company registration rates, according to the latest data.
So, last year the FCA approved only four out of 28 firms. Strict advertising rules and regulatory uncertainty have scared off big players like Binance and PayPal.

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UK Prime Minister Rishi Sunak's cryptocurrency ambitions, which has vowed to transform the country into a crypto hub, have been hit by low company registration rates, according to the latest data. So, last year the FCA approved only four out of 28 firms. Strict advertising rules and regulatory uncertainty have scared off big players like Binance and PayPal.

▪️Telegram▪️X
▪️ Community ▪Source