<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvZGRkYjQ0NGQtYTE5My00ZGQwLThmZTItMDNhZWZkNDU0MGFlLmpwZw==.jpg"></p><p>The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.</p>