FCA CEO: Regulatory approval won't be influenced by size of crypto firm

Nikhil Rathi, chief executive of the U.K. Financial Conduct Authority (FCA), told lawmakers at a Treasury select committee hearing that the FCA would not be influenced by the size of a cryptocurrency company when it comes to regulatory approval, "the FCA has rejected it for the past two years." applications from some of the largest cryptocurrency companies in the world,” he also warned regulators not to consider company size and market share when evaluating registration applications.