UK’s FCA Seeks Blockchain, Crypto Expert With Knowledge Of 5AMLD’s Digital Assets Regulations

2020-2-6 20:57

The major financial authority in the UK, known as the Financial Conduct Authority (FCA), wants to hire a cryptocurrency specialist.

More specifically, the FCA wishes to work with someone who has crypto expertise in order to know how to address digital assets according to the EU’s 5th Anti-Money Laundering Directive (AMLD5). At least this is what an FCA LinkedIn posting from February 6 says. AMLD5 came into effect last month, on the 10th. It represents the efforts made by authorities to deal with money laundering activities in Europe.

The Expert Will Be a Part of the Core Function Team at the FCA

While the UK exited the EU 6 days ago, on January 31, the British government still needs to pay attention to the European cryptocurrency law that has recently been enforced, this being the reason why it’s looking for a crypto expert to join its core function team, which is the team dealing with intelligence and has been responsible with the interpretation of the AMLD5 regulation since January this year. As the job posting says, this person would be responsible with the enforcement and supervision of the regulation, also with processing applications of firms wanting to join the financial services industry in the UK.

The FCA Has Been Very Active in the Crypto Space

The FCA has many times made its voice heard in the crypto space. It has approved the operations of important firms in the industry and closely investigated what happened in the country’s crypto space. Back in July 2019, it announced that it won’t regulate 2 of the most used cryptocurrencies in the world: Bitcoin (BTC) and Ether (ETH).

The FCA’s new action on AMLD5 arrives soon after the agency made the official announcement that it’s going to start supervising AML compliance of crypto companies in the country. It has been reported that the rules FCA plans to impose are going to be very stringent.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 4.67 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0087801 (-100%)

fca assets authority digital financial crypto expertise

Èñòî÷íèê: bitcoinexchangeguide.com

fca assets → Ðåçóëüòàòîâ: 31


UK’s Financial Conduct Authority (FCA) Revises Crypto-Based Business Registration Fee

Following a series of consultative forums with the virtual assets community, UK’s Financial Conduct Authority (FCA) has revealed that its revising crypto businesses registration fee upwards. The regulator has henceforth rolled on two distinct registration fees for crypto-based businesses according to their sizes AMBCrypto reports.

2020-2-3 23:24


UK's Financial Conduct Authority updates cryptocurrency business registration fees

After consultation with the digital assets community, the Financial Conduct Authority (FCA) of the UK has announced that it has updated the registration fee for cryptocurrency businesses. Two separateThe post UK's Financial Conduct Authority updates cryptocurrency business registration fees appeared first on AMBCrypto.

2020-2-3 18:30


Why is the UK thinking of banning crypto derivatives?

Britain’s foremost financial watchdog, the Financial Conduct Authority, is contemplating a blanket-ban on cryptocurrency derivatives for retail traders as early as 2020, The Economist reported. The meeting comes on the heels of a statement released in early July by the FCA proposing a ban on crypto derivatives—high-risk assets where “retail consumers might suffer harm from […] The post Why is the UK thinking of banning crypto derivatives? appeared first on CryptoSlate.

2019-10-4 12:02


Ripple executive commends U.K FCA’s digital asset guidelines; calls for update of ‘outdated laws and rules’

“The current [regulatory] frameworks have muddied the water,” claims the one of the world’s leading blockchain player, Ripple. While the Brad Garlinghouse-led firm believes that policymakers have made commendable efforts in the digital assets and blockchain space, there is a lack of understanding in terms of the fact that there is a need for ‘a […] The post Ripple executive commends U.

2019-9-27 16:00


UK Regulator Officially Issued Guidance on Bitcoin and Crypto Assets, Specifically for Security Tokens

The United Kingdom was working to find some clarity on their cryptocurrency policies through the last year, which they promised to deliver. The financial watchdog in the UK, the Financial Conduct Authority (FCA) has now published a report to update the public on the state of the cryptocurrency industry within the UK, according to The […]

2019-7-31 22:35


UK Financial Conduct Authority Proposes Ban on Sale of Crypto Derivatives to Retail Investors

The FCA outlines rules to prohibit the sale of CFDs and ETNs The UK markets regulator cited no reliable basis for valuation of underlying assets as one of the reasons The UK’s markets regulator, the Financial Conduct Authority (FCA) has proposed a ban on the sale of derivatives and exchange-traded notes (ETNs) related to a […]

2019-7-3 20:10


Ôîòî:

Financial Conduct Authority (FCA) Opens Consultation with Cryptocurrency Stakeholders for Regulatory Clarity

The Financial Conduct Authority (FCA) has started consultations with the UK’s cryptocurrency market participants to find out the exact digital assets that need to be regulated and the best way to regulate them so as not to stifle innovation while also adequately protecting consumers from the risks, according to consultation paper published on January 23, … Continue reading "Financial Conduct Authority (FCA) Opens Consultation with Cryptocurrency Stakeholders for Regulatory Clarity"Read More.

2019-1-24 19:00


Cryptocurrency Regulation: FCA Set to Receive Expanded Mandate from UK Government

The United Kingdom government plans to give the country’s regulatory body power to oversee cryptocurrency regulation. UK Cryptocurrency Regulation Imminent According to The Guardian, the government of the UK government announced its readiness to authorize the Financial Conduct Authority (FCA) to regulate all virtual currency assets.

2018-12-21 11:46


Ôîòî:

Regulations Round-Up: Malta Clarifies Law, UK Wealth Managers Urge FCA Action

In recent regulatory news, Malta’s financial regulator has sought to clarify the nation’s cryptocurrency regulations following the passing of an act pertaining to crypto assets, UK-based wealth managers have called for the FCA to take a strong stance regarding cryptocurrencies, and the deputy governor of Bank of Israel has predicted that cryptocurrencies will contribute to […] The post Regulations Round-Up: Malta Clarifies Law, UK Wealth Managers Urge FCA Action appeared first on Bitcoin News.

2018-7-25 02:05


Ôîòî:

Banks Advised on How to Manage Risks of ‘Crypto Assets’ by UK Financial Regulator

The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11. Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients

2018-6-12 05:55


Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

South Korean Exchange Suspends Withdrawals to External Wallets, Govt. Reaches Out to Apple and Google to Block P2E Apps

One of the four regulated cryptocurrency exchanges in South Korea, Coinone, has announced that it will no longer allow withdrawals to non-verified external wallets starting Jan. 24, 2022. If Coinone users want to withdraw their crypto assets to another digital wallet, they would have to register their wallet address with the exchange, “in accordance with […] The post South Korean Exchange Suspends Withdrawals to External Wallets, Govt.

Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year

Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.

Bank of England to Coordinate with International Regulators for Stricter Crypto Rules

The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.

Paraguayan Senate Passes Bill to Regulate Crypto Trading and Mining

The Senate of Paraguay has passed a bill that will regulate the trading and mining of cryptocurrencies in the country. Paraguayan Senator Fernando Silva Facetti, one of the three authors of the bill, confirmed this on Twitter, saying Paraguay’s Chamber of Deputies will discuss the bill next year.