The FCA is seeking to establish a cryptocurrency team capable of managing and regulating the market.
According to a LinkedIn job posting, the Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, is looking for someone to lead the digital assets department and develop a new team.
The department head will be responsible for leading the FCA’s regulatory efforts against crypto businesses that are suspected of being engaged in “scams and frauds.”
Additionally, the department head would be responsible for recruiting staff, developing the regulator’s crypto policy, fostering innovation in the crypto sector, and aligning the FCA with government policies and initiatives.
According to the LinkedIn job description, the individual would “manage a cross-sector crypto strategy to establish a unified FCA narrative on crypto.” “and will work with overseas authorities as well. The application date is April 3.
Additionally, the regulator stated last week that it was seeking a director of payments and digital assets who would also be responsible for policy. The application date for that position is March 27.
The FCA has been serious about clamping down on unlawful cryptocurrency activity in the nation. The regulator shut down all cryptocurrency ATMs in the United Kingdom last week, declaring them unlawful due to the fact that none of the operators had been allowed to provide ATM services. The FCA did not react promptly to CoinDesk’s request for more comment.
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