Cast yer eye back to 4 April 2022, when HM Treasury vowed to make Britain a “global cryptoasset technology hub”; four years on, the FCA’s 1 September 2026 ledger showed only 68 registrations from 391 determined applications, while 263 were withdrawn. Don’t ye price another parchment as policy—demand approval times, banking-access failure rates, and live sterling-stablecoin settlement volume, or the same bottleneck keeps the fleet offshore. 🦑

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