On September 21, according to the Financial Times of the United Kingdom, the Financial Conduct Authority (FCA) has significantly improved the efficiency of processing applications for cryptocurrency registration. Data shows that as of April this year, the registration process for cryptographic asset providers only took an average of 5 months, which was significantly shorter than the 17 months two years ago. Recently, the application approval rate has increased to 45%, much higher than the level of less than 15% in the previous five years.