Read more: FCA accused of “unlawful” changes to LCF compensation scheme Quicken home and business 2017 review free# Read more: Treasury review calls for reform of oversight of City watchdog “The FCA is seeking the services of a third-party firm specializing in this area who can provide access to a platform that can support the robust and efficient analysis of cryptoasset blockchain data and provide training and ongoing support in the use of this platform… “As the supervisor of in scope cryptoasset activity in the UK, the FCA requires access to specialist services to support the analysis of cryptoasset blockchain data,” the FCA’s tender said. “The development of this capability is closely aligned with operational objectives of the FCA and has applications in the prevention of harm to consumers, in enhancing the integrity of the UK financial system and in promoting competition.” “The analysis of cryptoasset blockchain data is an essential aspect of the FCA toolkit when approaching its duties as supervisor of firms carrying out certain cryptoasset activity in the UK. In September, City regulator Nikhil Rathi has claimed that FCA is working to implement blockchain, API technology and machine learning to quicken compliance checks. The FCA has also repeatedly highlighted the risks of investing in cryptocurrencies.
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