51 crypto firms withdraw licensing applications in the UK

Cointelegraph

Published Jun 04, 2021 06:19AM ET

Updated Jun 05, 2021 08:20AM ET

Strict Anti-Money Laundering laws in the United Kingdom appear to be constituting a major operational hurdle for crypto firms in the country.

According to the U.K. Financial Conduct Authority (FCA), several crypto businesses in the country might be preparing for an exit.

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