Majority of crypto exchange applications in UK withdrawn or refused

clock • 3 min read
Majority of crypto exchange applications in UK withdrawn or refused

Around 90% of applications from crypto exchanges in the UK are either "withdrawn or refused", FCA chief executive Nikhil Rathi said on Wednesday (8 December), as he argued that some crypto assets have "no intrinsic value" at all. Speaking before the Treasury Select Committee, Rathi said: "We see a serious link to money laundering and serious organised crime being propagated through crypto exchanges and a culture in many of those organisations that does not respond to the level of systems o...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login