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FCA may face ‘expensive’ crypto court battle with deep-pocketed firms
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The City’s watchdog could soon face a costly court challenge over its temporary regulation of cryptoasset activity, as the number of firms denied permission to operate in the sector mounts.
Hundreds of businesses have applied for authorisation under the Financial Conduct Authority’s temporary permissions regime, which requires all firms engaged in cryptocurrencies to register with the regulator and meet strict money laundering requirements.
But...
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