Australia's crypto investors are currently sidelined due to the lack of clear regulations. According to data from Swyftx, between 2 to 6 million potential investors, including newbies, are waiting for the government to establish proper regulatory frameworks before entering the market. In the UK, the Financial Conduct Authority (FCA) is facing criticism from CryptoUK, a trade association, for its stringent registration process, which is seen as a deterrent to crypto businesses. Only 4 out of 35 applications were approved in the past year, highlighting the challenges faced by firms in complying with the FCA's requirements.