The U.K.’s Financial Conduct Authority appointed Victoria McLoughlin as Interim Head for its Digital Assets Unit. The appointment comes on the heels of the country striving to regulate the crypto industry and mark itself as a global crypto hub, according to Victoria’s LinkedIn profile.
As per her profile, McLoughlin was appointed in the new position earlier this month.
Prior to this, she had been the financial-services regulator’s supervision manager of crypto assets and digital markets for the past two years.
Before a year’s sabbatical that she took for travelling, she had been at the FCA for more than nine years.
It was in March that the FCA started looking out for someone to lead the crypto division. The profile included a leader who could build a new team and monitor regulatory activities of crypto firms that may be engaging in “scams and frauds”, as per the job advert on LinkedIn at the time.
FCA recently said it would be hiring 80 people to clamp down on problematic organizations.
In March, UK FCA had warned against illegal crypto ATMs operating in the country, saying that they must be closed down. It said operators must be registered with the FCA to offer ATM services and abide by money laundering regulations.
