The Financial Conduct Authority (FCA), the United Kingdom’s financial services industry regulator, is reportedly looking for a professional to head the digital assets unit and build up a new team. This, according to a job posting via LinkedIn.
The department head will be required to lead the FCA’s regulatory activities into cryptocurrency companies that may be involved in scams or fraudulent activities.
The department head may also need to build up a professional team, work on the FCA‘s crypto policy, support innovation in the cryptocurrency industry as well as focus on aligning the regulator with appropriate government policies and directions.
The LinkedIn job posting states that the individual will “lead a cross-sector crypto strategy to have a single FCA narrative on crypto” and will be expected to work cooperatively with global regulatory authorities. The deadline for submitting applications is April 3, 2022.
The FCA further noted that this past week, they had been in search for a Director of payments and digital assets who will also be tasked with supervising policy-related matters. The deadline to apply for that particular post is March 27, 2022.
As covered, the FCA has been quite focused on cracking down on illicit crypto behavior in the UK. This past week, the FCA had shut down all cryptocurrency ATMs in the United Kingdom. The regulatory agency clarified that these were illegal since none of the operators (or firms) had actually been approved to provide such ATM services.
As reported, the FCA has issued a statement pertaining to EQONEX Limited and the Binance Group stating that Bifinity will advance a USD $36 million in a convertible loan to EQONEX.
EQONEX is a firm based in Singapore that is listed on the NASDAQ under ticker EQOS. It offers trading in crypto on an “institutional-grade exchange,” according to its website.
In a tweet, EQONEX shared that it has partnered with Bifinity, Binance’s payments tech affiliate.
Binance announced (earlier this month) the creation of Bifinity as a payments technology company and official fiat-to-crypto payments provider. Bifinity’s services are designed to allow businesses to adopt crypto and reach new audiences direct fiat-to-crypto transactions. Bifinity is also partnered with payments platform, Paysafe and global payments processor, Checkout.com.