CandleFocus Robinhood CEO criticizes UK over ‘backwards’ crypto stance
2024-11-18
Author: Content Editor
Robinhood's CEO, Vlad Tenev, has expressed his desire to expand the company's business into the UK market. Despite concerns about UK regulations regarding crypto, Tenev believes that customers in the UK love the product and are looking to bring all of their financial activities to Robinhood. Tenev sees the UK's approach to crypto as "backwards" considering the larger problem of gambling in the country. The UK has been taking a stricter stance against crypto and is set to introduce laws regulating stablecoins. The Financial Conduct Authority has implemented a strict registration process for crypto businesses to protect consumers, with the majority of registration attempts being rejected, withdrawn, or denied.
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