UK regulators increase encryption investigations and consider KYC for wallets

According to Bitcoin.com, the US Financial Market Conduct Authority (FCA) has been conducting a rigorous review of cryptocurrency start-ups, and the survey has increased by 74% compared to last year. At the same time, decentralized software development models and supporters of open collaboration are unhappy with FCA's approach to extending the KYC/AML regulations to the release of open source and zero-knowledge software.