UK’s financial regulator says it has approved only 13% of the total applications by cryptocurrency companies for registration with the body. 
The Financial Conduct Authority (FCA) has disclosed that from January 2020, only 38 applications have scaled through out of 291 since it started the new registration process.
The recent statistics come as the FCA published its response to an anonymous right-to-know request about the status of its registration process so far. …
Read More: Registration Statistics: British Regulator Approves Just 13% Of Crypto Firm Applications – What’s Going On?