UK watchdog dismisses criticisms over crypto authorisations

By Huw Jones and Elizabeth Howcroft LONDON (Reuters) – Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday. The FCA has been criticised by lawmakers and the crypto sector for being slow in processing licence applications and for rejecting swathes of applicants despite the UK government’s push to make London a global crypto hub. “It’s no surprise that I still see many crypto firms still seeking to get licences here in the UK even though some have been denied those lice…