UK government signals intent over cryptocurrency regulation | City & Business | Finance

It’s the first time the FCA has advertised for such a role, meaning the government could be looking at tightening up on the largely unregulated world of Bitcoin and the hundreds of other cryptocurrencies being traded on the internet.

Current laws surrounding cryptocurrencies are grey areas. The FCA itself published several guidance notes throughout 2019 for investors but stressed that digital assets fell outside of the body’s remit.

In the run up to the UK leaving Europe last Friday, dozens of cryptocurrency businesses had been urging Whitehall to deliver on robust regulation in order to ensure they were armed with full compliance and protection.

With the FCA creating a crypto role in its Enforcement division, it would now appear as though the threat of rogue companies operating outside of the law is being taken seriously.

Some of the requirements advertised with the role include:

• Undertaking the delivery of intelligence support and advice to Authorisations, Supervision and…