questionText: To ask the Chancellor of the Exchequer, what the average processing time was for applications by (a) crypto and (b) digital asset businesses to the Financial Conduct Authority in the latest period for which data is available.
answerText: The Government launched an anti-money laundering and counter-terrorist financing regime for cryptoassets in January 2020. This means UK cryptoasset exchange providers and custodian wallet providers are now in scope of the UK’s Money Laundering and Terrori...
heading: Digital Assets: Licensing