The UK's FCA is looking to hire several cryptocurrency specialists

16 Jul, 2019 | Updated: 16 Jul, 2019
by Richard Allen
Regulation
The UK's FCA is looking to hire several cryptocurrency specialists

It appears as if the UK’s Financial Conduct Authority (FCA) is getting serious about regulating cryptocurrencies as a recent job posting has revealed the watchdog is looking to hire a Crypto Intelligence Associate to join its Intelligence Services Team, The Block reports.

The FCA has posted a second job opening for a “Crypto-asset Specialist Supervisor” as part of its plan to build “a new team” with a focus on digital assets within the Financial Crime department, the LinkedIn job posting states.

As The Block states, the FCA is developing a comprehensive set of guidelines on cryptocurrencies, aiming to provide “regulatory clarity for market participants,” and to specify “whether the cryptoassets they use are within the regulatory perimeter.” With the consultation period having ended in April, the policy statement is expected to be released sometime this summer which will aid companies in seeing what regulations apply to their businesses and whether they need any regulatory authorizations.

With the FCA applying its hiring efforts in the intelligence and crime divisions, it's safe to say that the regulator making me looking to take a more hands-on approach to cryptocurrencies and their usage in the country.

NEW! Bitcoin & Cryptocurrency Merch available at stacking sats!

 

Read more about: United Kingdom

Poll

Will this be good for future UK regulations?

(4 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage