Introduction Financial services media has been awash with stories and anecdotes about the mass exodus of staff from financial regulatory agencies around the globe. In Hong Kong, the SFC disclosed that it lost 12% of its…

Yesterday, the UK’s independent advertising regulator (the Advertising Standards Authority or ASA) issued an Enforcement Notice to over 50 companies whose promotional materials include cryptocurrencies and are targeted at UK consumers or targeted globally on behalf of UK-based advertisers.

As the name would suggest, financial technology (FinTech) companies inhabit two worlds, each with their own unique customs and language. The first is the infamous tech start-up world born in Silicon Valley decades ago, and the second is the complex and highly regulated world of financial services.

While some of the reasons behind this phenomenon are due to external factors outside of a crypto firm’s control, there are many common mistakes that will translate into longer assessments and (very often) lead to an unsuccessful application.

In our highly digital age, most of us have experienced ‘ghosting’ in one form or another. While most people tend to associate the term with online dating or an acquaintance that just disappeared into thin air, we have increasingly seen anecdotal evidence that the phenomenon is creeping into professional and bureaucratic situations. This includes the lengthy and fraught process of seeking crypto regulatory authorisation(s).

In our highly digital age, most of us have experienced ‘ghosting’ in one form or another. While most people tend to associate the term with online dating or an acquaintance that just disappeared into thin air, we have increasingly seen anecdotal evidence that the phenomenon is creeping into professional and bureaucratic situations. This includes the lengthy and fraught process of seeking crypto regulatory authorisation(s).