The UK’s regulator Financial Conduct Authority (FCA) has expressed its concern about the growth of citizens’ investment in digital currencies.
The watchdog periodically urges the inhabitants of the kingdom not to invest in Bitcoin and other virtual coins. For example, last summer the head of the FCA, Nikhil Rathi, warned citizens that by investing in cryptocurrencies, they were taking a big risk. No one can help them if they lose their savings.
However, this week it has became known the FCA plans to create a team of specialists in cryptocurrencies and blockchain technologies. The regulator is looking for a person who will lead its digital asset division.
The vacancy has been posted on the popular resource for IT professionals LinkedIn.
The message reads:
“The head of the department should lead the work of the FCA to regulate the activities of crypto companies that may be involved in fraudulent schemes.”