The UK Financial Conduct Authority (FCA) is creating a new structural unit and is looking for a candidate for the position of head.
The new department of the FCA will have to oversee the cryptocurrency industry in the country. According to an announcement by the FCA on the business social network LinkedIn, the regulator is now looking for an employee who will hold a senior position in the new department. Candidates should be well versed in digital assets as the job will be related to the regulation of cryptocurrency transactions. The FCA is ready to accept applications for the position until April 3, 2022.
“We are looking for someone to lead the new FCA Cryptocurrency division. It will regulate the emerging digital currency market,” the announcement reads.
Last week, the regulator posted a job opening for FCA’s Director of Payments and Digital Assets. The duties of the director will include verification of payments and transactions related to electronic money and crypto assets, as well as the development of new business models for working in the field of finance. Applicants for the position should have a good understanding of the law and issues related to cryptocurrencies and payments.
A few days ago, the FCA stopped all unregistered crypto ATMs in the country. The FCA has warned operators that they are required to comply with money laundering laws. Last year, the agency announced its readiness to allocate $670,000 to combat the illegal use of cryptocurrencies.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
