The Financial Conduct Authority, which is the U.K.'s main financial regulator, has appointed Binu Paul as its new head of digital assets.
Paul was previously the fintech specialist lead at New Zealand's Financial Markets Authority. The FCA confirmed to CoinDesk that Paul has replaced its digital-asset department's interim head Victoria McLoughlin who had been in the position since April according to her LinkedIn page, and he has already started the role. The news was first reported by the Block.
The department head will lead the FCA’s regulatory activities into crypto firms that may be involved in “scams and frauds," a job posting for the role said in March.
Read more: UK Finance Minister Kwarteng Fired
UPDATE (Oct. 14, 14:37 UTC): Adds FCA comment on the fact that Binu Paul has already commenced his role as its digital assets head.
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