The FCA announced this morning they were extending the end date of the Temporary Registrations Regime (TRR) for existing cryptoasset businesses due to a significantly high number of businesses not meeting the required standards under the Money Laundering Regulations. This has resulted in an unprecedented number of businesses withdrawing their applications.
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The Danos Group has been at the forefront of the cryptoassets sector for a number of years and has supported numerous, leading crypto firms with both their authorisation and ongoing governance and AML needs.
If you are one of those firms struggling to meet the regulatory standards set by the FCA, we can provide the support you need to advance to full authorisation and into growth stage. Please get in touch with Denis or Katherine to discuss.