The Britain's major financial regulator, the Financial Bear Potency (FCA), is looking to rent a specialist with a cryptocurrency background.

Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital avails under the European Spousal relationship's 5th Anti-Coin Laundering Directive, the regulator said in a LinkedIn job posting on Feb. 6.

Likewise known every bit 5AMLD, the new police force came into consequence on Jan. ten and represents a major effort to tackle coin laundering and terrorism financing beyond Europe, every bit previously reported.

Expert volition join the FCA'southward core function team

While the United Kingdom finally exited the European union on Jan. 31, its government must nevertheless pay particular attention to the EU's recently enforced cryptocurrency law. As such, the FCA is seeking to hire a cryptocurrency practiced for its core function squad — the intelligence team, which has become responsible for 5AMLD regulation of the crypto asset sector since January 2022.

According to the job posting, the key responsibilities of the position include intelligence back up for supervision and enforcement, besides as processing applications for firms in the U.Grand.'s financial services manufacture.

The FCA and crypto

The FCA has been very active in crypto space as the regulator has approved operations of major crypto firms and carefully investigated the industry. In July 2022, the FCA announced that it volition non regulate the two top cryptocurrencies, Bitcoin (BTC) and Ether (ETH).

The FCA'southward latest action regarding 5AMLD comes afterwards the agency officially announced on Jan. 10 that information technology will start supervising Anti-Money Laundering compliance of cryptocurrency-related firms in the country. As recently reported by Cointelegraph, the FCA is planning to enforce a much more stringent set of rules for crypto firms.