Of the 209 applications made by cryptoasset firms to the Financial Conduct Authority (FCA) since January 2020, just four have been accepted.
This is according to a freedom of information request by law firm Mishcon de Reya, which found that 39 applications have been withdrawn and 166 applications are still outstanding.
In June 2020 - the most popular month for applications - 95 applications were made. To date, only one has been successful. 30 have been withdrawn and ...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
UK Gen Zs and Millennials reject employers who don't align with their values, Deloitte survey finds
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
