FCAs Head of Digital Assets Abruptly Departs, Leaving UKs Web3 Ambitions in Question

By Lola Coin Jun 26, 202361Views

Binu Paul, the head of digital assets at the Financial Conduct Authority (FCA), has left the organization less than a year after joining. The FCA has confirmed his departure but has not provided any further details or announced a replacement. This comes at a time when the UK is aiming to become a center for Web3, with Andreessen Horowitz setting up an international outpost in London. The UK government has also been making progress in regulating digital assets and is expected to pass the Financial Services and Markets bill soon. The FCA currently maintains a register of cryptoasset firms and runs programs to encourage innovation within its regulatory framework. Binu Paul is now working as a consultant.

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