We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.

Make the most of your money by signing up to our newsletter fornow

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.

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.

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 Enforcement for the processing of applications connected with identified high risk factors.

• Researching, preparing and disseminating intelligence material (including reports and other products) to inform Authorisations and Supervisory action.

• Working with partner agencies to identify, liaison and share intelligence, were necessary and relevant, to inform FCA decision-makers.