The FCA searching for new officers for its upcoming crypto department. And that’s why UK’s watchdog is accepting the job applications for the required post till 3rd April 2022.
The financial regulatory authority of the united kingdom FCA is planning to launch the crypto department. And for the position of head of its new crypto department, they have posted a new job post on LinkedIn.
As per FCA’s new job posts, they are searching for the head of the digital assets department, and the director of the payments and crypto-assets department. And must have crypto-based expertise.
The first job post has arrived on Monday. In which the regulator authority mentioned that. They are searching for a candidate who will be responsible for leading the regulator’s approach to regulatory operations in the crypto eco-system over the United Kingdom.
As well as manage innovative and complex business models of registered companies. Also look after unregistered crypto businesses involved in illegal activities such as frauds, scams, etc.
Moreover, this new position will be an important part of the regulator’s management effort for regulating cryptocurrency.
Last week the FCA shared a post on LinkedIn. That indicated that they are searching for the director of payments and digital assets. And the new officers would be responsible for regulating the new and rising business models in the UK financial service ecosystem.
Additionally, other responsibilities include policy and supervision relating to payments, electronic money (e-money), and other cryptocurrencies. And the last date of application submission for this post was the 27th of march 2022.
As well as recently, the FCA issued an important decision to remove all the crypto-related illegal ATMs operating in the United Kingdom.
Final Thoughts:
The FCA is searching for new officers for its crypto department that would be established soon. Further, sources stated that due to the regulator’s increasing concerns. The FCA has decided to set up a new department that is specifically designated for cryptocurrencies.
As well the formation of a new crypto-based department is opening the door for new hirings for cryptocurrency roles. As well as providing digital assets more enhanced legal regulatory framework.
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