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according to a freedom of information request by law firm Mishcon de Reya, which found that 39 applications have been withdrawn and 166 applications are still outstanding.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 To date, only one has been successful. 30 have been withdrawn and ...
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