According to Fortune magazine, the early general election in the United Kingdom has led to the cryptocurrency industry seeking to establish connections with the Labour Party in order to gain support in regulatory policies, although the party's future stance is not yet clear. Insiders said that the Financial Conduct Authority (FCA) in the UK is expected to release its proposed draft of a cryptocurrency licensing system by the end of this year.
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Source: UK FCA expects to publish first draft of cryptocurrency licensing system by the end of the year
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