Digital Assets: Licensing
Commons · Question 47627 · Tabled 24 Apr 2025 · Treasury · Official record
Answered 2 May 2025
Question
Asked by Andrew Rosindell
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.
Answer
Answered by Emma Reynolds, 2 May 2025
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...