UK’s FCA Is Considering A New Cryptocurrency Department To Regulate the Crypto Sector

The United Kingdom’s FCA (Financial Conduct Authority) is making a strategy to initiate an exclusive crypto department for the regulation of the industry of digital assets. The financial regulator of the United Kingdom has called for applications for the seats of the Digital Assets Department’s head as well as the Payments And Digital Assets Department’s Director.

FCA calls for a couple of crypto seats

The financial Regulatory agency is increasing its endeavors to watch over the crypto industry along with keeping in view the protection of customers. As per the latest LinkedIn post, the UK-based regulator is presently pursuing recruits who would drive the crypto division of the agency and has called for the applications to claim the post through social media. The fresh contenders who have crypto and blockchain-based experience to front-run the approaching crypto division are being hunted by the FCA currently.

By doing this the regulator intends to introduce an autonomous crypto department shortly and expect to add thorough regulation of the asset class industry systematically. According to LinkedIn-based formal job postings, the agency is searching for eligible candidates for the roles of the Payments And Digital Assets Department’s Director and the Digital Assets Department’s Head.

In the job postings, the additional details are included mentioning the eligibility criteria focusing on the personnel having adequate knowledge as well as experience regarding crypto/blockchain technology. Apart from this, the job postings also describe the responsibilities and duties of the candidates after their selection for the respective posts. They comprise the prominent authority’s attitude toward regulatory activities across the crypto industry within the United Kingdom.

The future vision of the FCA

It seems that the FCA is taking advanced measures to begin the unique crypto department thereof for enhanced administration of the asset class industry. In the previous week, the FCA had executed a crackdown over Bitcoin (BTC) ATMs throughout the country as included in its broad initiative to eliminate the illegal crypto-based hazards as well as frauds to deceive innocent consumers as well as the government-based financial agencies.

It is noteworthy that the prominent crypto department to be driven by the FCA aims at the establishment of a devoted crypto group, focusing on adequate regulation around the crypto industry. The latest postings appear to have a vital role in strategically overseeing as well as assisting the industry to get prestige in matters as well as concerns related to cryptocurrency.

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