UK FCA CEO: The size of crypto companies will not affect registration assessment decisions

ChainCatcher news, Nikhil Rathi, the CEO of the UK's Financial Conduct Authority (FCA), stated to lawmakers during a Treasury Select Committee hearing on Wednesday that the FCA will not be influenced by the size of crypto companies when approving registration applications.

It is reported that the FCA is responsible for registering and supervising crypto companies that wish to operate in the country under existing anti-money laundering requirements. Since opening registration two years ago, the FCA has received over 300 applications from crypto companies, but so far, only 42 companies have successfully completed the registration. (Source link)