• Wed, 21 Aug 2019, 11:41 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

UK watchdog hiring ‘Crypto Intelligence Associate’ to address concerns

UK Flag.PaulaPaulsen/Pixabay

Thu, 18 Jul 2019, 04:57 am UTC

While the UK has become one of the biggest markets for cryptocurrency, regulators continue to keep a close watch on this nascent industry in order to protect investors and fight potential illicit activities.

A recent example of just how wary the British government is of crypto coins is a new job post by the Financial Conduct Authority (FCA). The agency is looking for a crypto specialist who will help address the myriad of concerns regarding the rising trend.

In the job post for the “Crypto Intelligence Associate” that was put up on the FCA’s official website, it’s clear the agency is looking for someone with considerable skills with regards to cryptocurrency. From the details provided, it would appear that this is intended to improve its supervision of the industry.

“The role will involve considerable amounts of liaison and stakeholder management with internal and external patterns on the topic of crypto assets, financial and economic crime linked themes and the role of various processes and areas in regulating this activity,” the job description reads.

“There will be opportunity for specific case involvement, support to Authorisation and Supervision areas on firms and individuals, exposure to economic and financial crime intelligence to aid decision makers, and the ability to learn more on this emerging technology.”

Apart from the “Crypto Intelligence Associate” position, the agency is also looking for a “Crypto-asset Specialist Supervisor,” which was posted on LinkedIn. This position will be responsible for overseeing a team that will “focus on assessing the financial crime systems and controls in firms operating within the Cryptoasset market.”

All of this points to the FCA becoming more interested in playing a bigger role in regulating the crypto industry, The Block reports. On the surface level, this could mean better regulations for the market, which could mean more opportunities for traders and exchanges.

However, it could also mean tighter regulations, which are not necessarily the same things. It could indicate that the UK is beginning to look at the crypto industry with more hostility.

Just recently, the government drafted a new Economic Crime Plan to tackle financial crimes, including an “intervention on crypto assets.” The financial crime prevention plan aims to implement guidelines on how authorities should respond to illegal financial activities, including “fraud, money laundering, bribery, and corruption” at home and abroad.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,174.30 (-4.76%)
  • Ethereum (ETH) $188.16 (-4.68%)
  • XRP (XRP) $0.264800 (-3.71%)
  • Bitcoin Cash (BCH) $299.70 (-5.95%)
  • Litecoin (LTC) $71.87 (-4.87%)
  • Bitcoin (BTC) $10,174.30 (-4.76%)
Aug 21, 2019 (Wednesday)
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
07:37
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
07:34
Blockchain securities issuance platform iownit.us obtains approval from FINRA
06:37
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
06:18
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
06:16
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
05:40
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
05:07
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
04:15
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
04:06
Winklevoss twins may partner with Facebook on cryptocurrency
04:02
Malta-based crypto exchange CGEX to shut down after less than a year of operation
04:00
Bank of America files patent for multi-tiered crypto wallet
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft