UK’s FCA Announces New Digital Assets Head is Binu Paul

The UK’s top financial regulator Financial Conduct Authority (FCA) appointed Binu Paul, a former fintech specialist lead at New Zealand’s financial watchdog, as its new head of the digital assets unit.

The Financial Conduct Authority (FCA), an independent UK financial regulator, has announced that there will be a new head of digital assets and that is Binu Paul. He will join FCA after serving as the New Zealand Financial Market Authority (FMA) leading fintech expert for two years.

Paul will replace interim head of digital assets Victoria McLoughlin, who has served as interim head of FCA’s digital assets division since April 2022. McLoughlin has worked at FCA for over ten years before taking on a temporary role.

The FCA became the UK’s authority on anti-money laundering and counter-terrorism measures in early 2020. Cryptocurrency companies must register with the FCA if they want to serve UK customers. Older brother. So far, 39 companies have managed to register with the regulator.

The FCA declined to comment on when Paul will officially assume his duties.

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