UK’s P2P Platform Interest Bottlenecking FCA Authorization Process

[kreslik.news]

The United Kingdom has harbored a peer-to-peer (P2P) affinity as of late, with a plethora of companies and startups now pursuing authorization to design and implement a new generation of P2P platforms – unfortunately, the existing regulatory framework by the country’s Financial Conduct Authority (FCA) has stymied authorizations, resulting in a temporary bottleneck, per a recent FCA report.

The UK is not alone in its lack of comprehensive and fluid P2P regulation, which by and large is emblematic of the fintech space as a whole. The US has dealt with a similar phenomenon, which in turn has led ... ([url=http://www.financemagnates.com/fintech/p2p/uks-p2p-platform-interest-bottlenecking-fca-authorization-process/]read more)