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UK FCA defends tough crypto rules to prevent money laundering and maintain market integrity – TON BOT

UK FCA defends tough crypto rules to prevent money laundering and maintain market integrity

The UK’s Financial Conduct Authority (FCA) defends its stringent crypto regulations, emphasizing the need to prevent money laundering. Despite claims that tough rules hinder innovation, FCA’s Val Smith asserts that robust oversight protects markets. Recent data shows a significant drop in crypto applications approved, reflecting industry frustrations with the regulatory environment.


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