Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. https://cointelegraph.com/news/crypto-firms-not-meeting-aml-standards-says-uk-minister
Crypto businesses in the U.K. have been struggling to meet AML standards set by the Financial Conduct Authority, according to the economic secretary to the Treasury.
cointelegraph.com
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