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CryptoUK, the trade association representing more than 50 crypto firms, has called on chancellor Rishi Sunak to intervene over a delayed anti-money laundering registration process that has trapped hundreds of crypto startups in limbo.
In a letter dated March 15 and seen by The Block, CryptoUK chair Ian Taylor wrote that the Financial Conduct Authority’s lack of responsiveness and sector expertise risked a raft of businesses either leaving the country or shutting up shop.
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