Financial Crime Financial Crime

UK firms subject to money-laundering rules will bear costs of cryptoasset registrations, FCA says

The cost of bringing cryptoasset companies under UK regulatory supervision will be spread among all firms subject to money-laundering rules despite industry protests, the Financial Conduct Authority said today.

Setting out its regulated fees for the coming year, the FCA confirmed that the budgeted cost of 8 million pounds ($10 million) for registration of

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