After only 14% of the firms seeking regulatory approval in the country passed muster, the United Kingdom’s financial watchdog published advice for crypto companies. The comprehensive list of pointers covers what applicants should think about before, during, and after submitting their applications for registration to the Financial Conduct Authority (FCA). According to the post, only 41 of the 300 crypto companies that applied for registration since the regulator opened its registration regime two years ago received full approval. According to the regulator, 195 companies were either refused or withdrew their applications, while 29 were rejected.