The UK’s Financial Conduct Authority has reduced the time it takes to approve crypto registration applications by 69% since 2023, although data from the regulator also show that there has been a 43.5% decline in applications over the past two years. The FCA has released the data following a freedom of information request from London-based international law firm Reed Smith, which sought clarification on the number of applications sent by cryptoasset service providers (such as exchanges) since the 22/23 fin ...