The FCA, which regulates the UK’s financial markets, has appointed Binu Paul as head of its digital asset unit.
In his previous job, Paul was a fintech executive at the FMA, which regulates New Zealand’s financial markets.
in the UK of the Financial Conduct Authority (FCA) Victoria McLoughlin has temporarily led the digital assets unit since April. Paul will have taken his place.
As FCA’s digital asset manager, Paul will lead the agency’s work with crypto firms, and in particular “fraud” It will focus on crypto companies suspected of doing it.
FCA, in the UK as a result of the decision taken in 2020 in the fight against money laundering and terrorist financing authority had become an institution.
Cryptocurrency firms that want to provide legal services in the UK must obtain an operating license from the FCA.