The UK Faces Potential “Crypto Catastrophe” Due to Staff Shortages at FCA
The Financial Conduct Authority (FCA) has significantly expanded its cryptocurrency workforce to over 100 staff members, yet its policy team remains understaffed, according to data obtained by blockchain finance provider Quant through a Freedom of Information request. The FCA now employs 109 staff dedicated to crypto assets, a huge increase from just 9 in 2019.