Arm wrestling between the United States and the United Kingdom?
The regulatory approval criteria for a crypto company vary from country to country. In the United Kingdom, crypto regulation is intended to be stricter. As proof, only 41 companies out of 300 have obtained full FCA approval in the past two years. A situation that discourages many crypto companies. Moreover, most of them have decided to abandon the process.
Crypto regulation: a big divergence between the United States and the United Kingdom
After the fall of FTX (and even before), the…