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19 April 2021

Crypto Firms Mull UK Exit Amid Regulatory ‘Logjam’: CryptoUK Chair - Decrypt

Crypto Firms Mull UK Exit Amid Regulatory ‘Logjam’: CryptoUK Chair - Decrypt


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In December of that year, the regulator extended its deadline tomid-2021—but crypto businesses are finding themselves stymied by frustrating processes, Taylor said. .

The body’s resources are stretched, he said, partly due to the fact that crypto scams have proliferated during the lockdown—rising57% last year, according to Action Fraud.

Gemini, the Winklevoss-owned cryptocurrency exchange, wallet, and custodian, is one of only a handful of crypto businesses to have been awarded a full license to operate in the UK.

But only two other firms, crypto exchangeArchaxand crypto bankZiglu, have also qualified

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