As per The Shib Daily, the UK’s Financial Conduct Authority (FCA) has significantly reduced approval times for crypto firms, cutting the process from 17 months to just over five months. The regulator has also increased its approval rate to 45%, up from under 15% in the past five years. Despite this, applications from crypto firms have declined, dropping from 46 in 2023 to 26 in 2025. The FCA has approved five firms since April, including BlackRock and Standard Chartered, while six applications were rejected, refused, or withdrawn. The regulator is also planning a comprehensive digital asset framework for 2026 and has introduced preapproval meetings and webinars to streamline the process.
UK FCA Cuts Crypto Approval Time by Two-Thirds Amid Rising Acceptance Rates
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