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UK’s FCA to spend over $650k to train staff on crypto crimes identification
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Akin to regulators the world over, the United Kingdom’s Financial Conduct Authority (FCA) has been tightening its grip around the cryptocurrency in a bid to eliminate bad elements. The watchdog is now looking for experts that could train its staff on the identification of criminal activity using cryptocurrencies, according to a tender notice cited by the Telegraph.
The FCA will reportedly be splurging around $671,000 in hiring consultants from a blockchain analytics firm. It is aimed at teaching the agency’s staff on weeding out illegal financial activities such as money laundering and terrorism funding using cryptocurrencies. It will be making use of a third-party company for the provision of these services.
This training initiative is a
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