UK’s FCA Opens Search for Head of Crypto Division

The FCA is looking to build a crypto team that can manage and regulate the industry.

AccessTimeIconMar 15, 2022 at 1:31 p.m. UTC
Updated Mar 15, 2022 at 1:57 p.m. UTC

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, is on the lookout for someone to head the digital assets department and build a new team, according to a job post on LinkedIn.

  • The department head will need to lead the FCA’s regulatory activities into crypto firms that may be involved in “scams and frauds."
  • The department head would also need to build the team, build the regulator's crypto policy, support innovation in the crypto sector and align the FCA with government policies and directions.
  • The LinkedIn job post notes that the person will “lead a cross-sector crypto strategy to have a single FCA narrative on crypto" and will also collaborate with international regulators. The deadline for applications is April 3.
  • The regulator also announced last week that they were looking for a director of payments and digital assets who will also supervise policy. The deadline to apply for that post is March 27.
  • The FCA has been cracking down hard on illegal crypto behavior in the country. Last week, the regulator shut down all crypto ATMs in the U.K. deeming them illegal because none of the operators were approved to offer ATM services.
  • The FCA did not immediately respond to CoinDesk’s request for further comment.

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Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

CoinDesk - Unknown

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

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