Nearly 90% Of Crypto Firms Fail UK’s AML Standards—What’s Going Wrong?

Nearly 90% Of Crypto Firms Fail UK’s AML Standards—What’s Going Wrong?

Source: Bitcoinist The turbulent UK cryptocurrency landscape sees the Financial Conduct Authority report that 87% of crypto registration applications failed in the last fiscal year. This is a staggering fact that brings up very serious questions concerning the effectiveness of anti-money laundering controls in the industry. Only four out of 35 applications were approved, underlining…

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