The Financial Conduct Authority (FCA) is planning a new crypto department to regulate the digital asset industry.
The UK’s financial watchdog has invited applications for the post of Head of the Digital Assets Department and Director Of The Payments And Digital Assets Department.
The FCA is expediting its efforts to monitor and supervise the crypto industry with consumer protection as its top priority.
According to a recent LinkedIn post, the United Kingdom’s Financial Conduct Authority (FCA) is currently looking for fresh recruits to steer its crypto division and has invited applications for the post of Head of Digital Assets Department via social media.
FCA Invites Applications For Two Crypto Posts
The Financial Conduct Authority is currently on a hunt to recruit fresh candidates with a crypto/blockchain background to lead its upcoming crypto division. The FCA is planning to launch an independent crypto division/department soon in hopes of regulating the industry in an organized manner.
As per the official job postings on LinkedIn, FCA is seeking recruits for the role of Head of the Digital Assets Department and Director Of The Payments And Digital Assets Department. The latter job advertisement was posted a week ago and is seeking to hire individuals who can take up responsibility “for policy and supervision related to payments, e-money, and crypto-assets as well as other emerging business models across the financial services industry.”
The job posting further includes specific details regarding the eligibility criteria, targeting individuals who possess sound knowledge of cryptocurrency/blockchain technology. Moreover, the job posts also comprise information related to the duties and responsibilities of the candidate once he or she is recruited. The duties include “leading the authority’s approach to regulatory operations within the crypto industry across the United Kingdom.”
“We are looking for a head of the department to build and lead a new crypto department that will lead and coordinate the FCA’s regulatory activity in this emerging market. This is a critical leadership role within a proposed new directorate dealing with emerging business models..” The job post further adds.
The FCA seems to be accelerating its efforts to inaugurate the new crypto division for better supervision of the crypto industry. Last week, FCA had imposed a crackdown on Bitcoin ATMs in the country as part of its initiative to curb illicit crypto launching and scams.
Notably, the widely anticipated crypto division which will be led by the FCA intends to establish a dedicated crypto department, with emphasis on proper regulation of the industry to prosper and thrive. The new position advertised by the FCA on LinkedIn seems to play an instrumental role in systematically regulating the industry and helping the organization take the lead in crypto-related concerns and matters.