Crypto Firms in UK Fail to Comply by New AML Guidelines, FCA Extends Deadline

The chief financial regulatory body of the United Kingdom revealed a majority of the crypto companies operating in the country have failed to comply with the latest set of anti-money laundering regulations issued by the government. The new regulatory policy set by the Financial Conduct Authority (FCA) would only offer operating licenses to those crypto firms that comply with the latest AML and terror financing guidelines that came into effect from January this year.