When preparing their applications, crypto firms should include details of a business model, roles and responsibilities of business partners, and demonstrate comprehensive business-wide risk-assessment capabilities. It should also show that the business has policies, systems and controls to manage risk, the FCA said.

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• Source: https://www.coindesk.com/policy/2023/01/26/uks-fca-issues-advice-for-crypto-firms-after-only-41-of-300-applicants-win-regulatory-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines