UK's crypto field expected to shrink as FCA opens registration gateway

Crypto Insight Summary: The UK’s market regulator, the Financial Conduct Authority (FCA), has started to accept crypto authorization applications as of Wednesday, September 30, in line with earlier guidance detailing the country’s new regulatory regime. From the opening date, firms will have a five-month window to continue operating in the UK, after which, they will face a cutoff... Crypto Insight Analysis: Direction: Bearish UK crypto market Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: FCA's registration process creates uncertainty for UK crypto firms, likely causing short-term market volatility.