Home » UK Says 90 Percent Crypto Firms Applying for Licence Lacks AML, Fraud Precautions

UK Says 90 Percent Crypto Firms Applying for Licence Lacks AML, Fraud Precautions

A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection. Gadgets 360 Read More 

​ A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.