FCA crypto registrations more than double ahead of landmark regulatory framework

Compared to the previous 12-month period, 13 of 22 applications were approved, up 37 percentage points from seven out of 32 (22%), according to research from law firm Pinsent Masons. It comes ahead of the rollout of a regulatory framework to govern crypto asset activities in the UK, which will come into force in October 2027. Under the framework, crypto executives will face tougher personal liability, full supervision and potential criminal penalties for wrongdoing. This includes liability under the Senior Managers and Certification Regime (SMCR), capital and liquidity requirements, a...