Navigating Crypto Regulations in the UK

So the UK is trying to be the go-to place for crypto businesses. They’re all about being transparent and supporting growth. Sounds good, right? But you gotta deal with the FCA and their regulations if you wanna start something there. Anyone here actually set up a crypto venture in the UK? What's it like dealing with the red tape? Heard they have strict rules, but it’s worth it for the trust you get from clients and partners. Hope they don’t over-regulate and scare people off...