The Financial Conduct Authority is looking for at least 15 people with cryptocurrency expertise at both junior and senior salary levels.
According to regulators, websitejobs range from policy specialist as part of the newly formed wholesale crypto policy unit to junior data analyst for digital assets.
Global regulators are moving closer to formulating a complete set of rules for the crypto sector. In a vote on October 10, European Union lawmakers overwhelmingly supported the launch of a formal block-wide law regulating the market for crypto assets. known as Mika.
And on October 11, the global watchdog, the Financial Stability Board, made a series of sweeping recommendations to the G20. Barons reported. They include splitting up large crypto companies that offer a wide range of functions such as lending, custody and brokerage as part of one entity.
In the UK, FCA is still in the recruitment and learning phase. The executive director of the digital assets division has not yet been decided and recently invited the cryptocurrency company to a so-called cryptocurrency sprint. that.
All of our latest vacancies have been posted within the last three weeks and are for workers based in London, Edinburgh and Leeds. October 11th, financial news Revealed that the regulator had. refused A chance to attend the Treasury Department’s Darlington Economics Campus last year.
In early 2022, then-Prime Minister Rishisunak called Britain a “global hub“To the industry, the UK is “open to crypto business,” he said.Since Britain’s new government, headed by Prime Minister Liz Truss, has taken office, Chancellor of the Treasury Richard Fuller I repeated that goal.
However, companies are concerned about the slow pace of the FCA’s registration process for cryptocurrency firms wishing to carry out regulated activities in the UK, and its subsequent impact on its “cryptocurrency hub” ambitions.
A CEO recently said FN In 2021, it took his company eight months from when he first submitted his application to being assigned a case officer, and one year to be fully registered.
Another, according to Serhii Zhdanov, chief executive of cryptocurrency exchange Exmo, said the company filed an application on Sept. 1, but nearly six weeks after filing, the case officer is still missing. It says it’s not assigned. He described the process as “a bit slow”.
He added that regulators said the evaluation would take six months, even though the online dashboard on the application said it would take only three months.
“Sometimes it feels like there is a big gap between what the government says and what regulators are actually doing.”
His comments echo those of Binance co-founder He Yi. FN Britain ismost stressfulcountries in terms of crypto regulation.
An FCA spokesperson said: [area] This is why we are hiring faster. ”
Also regarding the time lag for onboarding new cryptocurrency companies, the FCA said:
“There are multiple problems with applications from companies seeking registration, including inadequate submissions and inadequate systems and administration, leading to increased registration times. We will help you as much as possible through
“FCA supports innovation. This is based on ensuring companies meet our standards and give consumers and investors confidence.”
To contact the author of this story with feedback or news, email Alex Daniel