UK Financial Conduct Authority increases crypto staff to 100 to address 'backlog'

BlockBeats news, June 27, according to protos, the UK Financial Conduct Authority (FCA) said it is clearing the "business backlog", approving more and more cryptocurrency companies to register, and plans to increase its cryptocurrency business employees to 100.

Steve Smart, the FCA's joint executive director for law enforcement and market supervision, said in a speech yesterday that the registration speed of cryptocurrency companies with the regulator is accelerating as the FCA helps cryptocurrency companies better master the registration process.