🇬🇧 UK FCA Strengthens Crypto Oversight by Hiring Anurag Bajaj
The UK’s Financial Conduct Authority (FCA) has brought on board Anurag Bajaj, formerly of Standard Chartered, to bolster its crypto and payments supervision efforts. This move signals the FCA’s commitment to tightening regulatory scrutiny in the fast-evolving crypto space.
📌 Key Points:
Bajaj’s extensive experience in global payments and compliance is expected to enhance FCA’s regulatory framework
The FCA aims to better protect consumers and reduce illicit activities involving digital assets
This hire aligns with increasing government focus on digital finance innovation and security
⚠️ Implications:
Tighter regulations may increase compliance costs for crypto firms but also improve market stability and investor trust.
💬 How will this affect crypto businesses operating in the UK? Share your thoughts.
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