UK Financial Regulator Hires Former Police Officer to Head New Crypto Unit
— October, Stablecoin, Crypto, Serve, Hires, Potential, Unit, Head, Director, Tasks — 1 min read
As of October, Long will serve as director of the FCA's Payments and Digital Assets unit. Long is part of an increase in staffing as the regulator wrestles with new tasks, including potential new stablecoin laws. Long will be the director of Payments and digital Assets unit, as part of a larger increase in FCA staffing. The regulator is also looking at potential new laws related to stablecoins, including new stablecoins laws, as well as potential new rules for the cryptocurrency industry. The FCA is set to launch a stablecoin-free market in October, the first of its kind in the U.S. market for the first time since 2008. The U.N. agency says it will be open to the public in the coming months. Source