The Financial Conduct Authority is seeking the services of a third-party firm that specialises in the analysis of cryptocurrency asset blockchain data, according to a tender offer published by the financial watchdog.
Under the UK's Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, the FCA is required to approve and register firms conducting crypto asset activities and ensure they are effectively monitored and comply with relevant regulations. FCA 'not capable' of effectively supervising Binance In order to carry out its role effectively, the regulator said it required access to specialist services that support the scrutinisation of this process and provide access to a platform that aids efficient analysis of crypto asset data. Crypto asset firms themselves are requir...
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