UK financial watchdog defends tough stance on crypto firm registration

The UK’s Financial Conduct Authority (FCA) has responded to criticism of its stringent crypto firm registration process. The FCA defended its approach as necessary for maintaining the integrity of the financial system. Val Smith, the head of payments and digital assets in the authorizations division of the FCA, addressed the concerns in a recent statement. […] source: https://www.cryptopolitan.com/uk-watchdog-defends-tough-crypto-stance/