LSEG Searches for Director of Digital Assets Amid UK's Crypto Scene Regulation
Summary:
The London Stock Exchange Group (LSEG) is seeking a Director of Digital Assets, signaling an interest in expanding its involvement in digital private markets. However, the financial institution has clarified it won't be venturing into cryptocurrencies. Meanwhile, the UK continues its regulation of the local crypto scene, with its financial watchdog setting a deadline for crypto companies to comply with its marketing standards by 2024.
The London Stock Exchange Group (LSEG), including the London Stock Exchange and various fintech firms it owns, has announced through LinkedIn that it's on the hunt for a digital assets director. LSEG is interested in applicants who possess a keen "interest in and knowledge of digital assets, cryptocurrencies and blockchain technology", alongside other competencies and prerequisites. The upcoming digital assets director will aid LSEG in defining and implementing a business strategy for "a range of new infrastructure amenities and capabilities and enhancing LSEG's reputation and network in digital private markets", as per the job post. When queried for further information by Cointelegraph, an LSEG spokesperson declined to divulge more.
This news follows an earlier LSEG announcement. The group declared that they intend to establish a conventional asset trading platform using blockchain technology. Early this month, the reputed financial entity stated its intent to adopt blockchain tech to improve the process of storing, purchasing, and selling conventional assets. However, Murray Roos, head of capital markets for the LSE Group, stated at the time that LSE's focus will not include cryptocurrencies.
Since passing a bill that authorizes the confiscation of Bitcoin (BTC) involved in crimes and indicating future stablecoin regulations in October, the UK has been taking a firm stance on its domestic cryptocurrency sector. In September, the UK's financial regulator gave a marketing consent deadline to cryptocurrency firms, requiring them to comply with its norms by 2024.
Published At
11/6/2023 10:08:56 AM
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