Nikhil Rathi, CEO of Financial Conduct Authority (FCA), highlighted that despite the size of crypto firms, their commitment to strict regulatory scrutiny remains unchanged. With over 300 applications in two years, only 42 received approval due to adherence to anti-money laundering regulations.
Search Results for: Nikhil Rathi
Political Pressure Meets Blockchain: The Shifting Sands of UK’s Crypto Regulatory Landscape
“Former FCA chairman Charles Randell discusses alleged political influence on UK regulatory bodies to adopt cryptocurrency companies. While some see these pressures as compromising, they may catalyze the safe adoption of emerging technologies like cryptocurrency within custom-built frameworks for the digital asset sector.”