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Former FCA head of digital assets joins CryptoUK

CryptoUK FCA Binu Paul. Image credit: CryptoUK

CryptoUK, the British trade association for the blockchain industry, has brought on the UK’s former crypto regulatory boss as an independent consultant.

Binu Paul will join CryptoUK having previously held the role of head of digital assets at the Financial Conduct Authority (FCA).

At the FCA, Paul oversaw the establishment of the financial watchdog’s digital assets regulatory capability and framework.

Paul ran the digital assets department of the FCA from October 2022 to June 2023, a period that saw a crypto winter, the conceptual emergence of a British stable coin and repeated consultations on an as-of-yet undecided crypto regulatory regime.

Prior to his work at the FCA, Paul spent more than six years at the Financial Markets Authority in New Zealand, where he specialised in fintech and regulatory affairs.

“[Paul] has a wealth of experience in our sector, both here in the UK and overseas, and brings a fresh perspective to be a driving force for positive enhancements for our members and help to push forward our mission to make the UK the ‘go to’ jurisdiction for crypto and digital asset businesses,” said CryptoUK director of operations Su Carpenter.

“2024 will be a crucial year for our industry and we want to make sure we hit the ground running heading into the rest of 2024.”

Paul will work with CryptoUK to advance the industry’s goals, backed by years of experience in regulation in the FCA and beyond.

“As part of my initial review, I found the CryptoUK team fantastic to work with and the prospect of continuing to help support the digital assets sector in the UK was very appealing,” said Paul.

“I look forward to having CryptoUK as a client and working closely with the team in what is going to be a terribly important and exciting year for the industry.”