Mark Steward, the UK Financial Conduct Authority’s executive director of enforcement and market oversight, announced his resignation on Tuesday. The FCA became the supervisory body for anti-money laundering compliance for crypto firms in the country in January 2021. The FCA has previously come under fire from the crypto industry for delays in processing registration applications. The FCA made headlines in September when it added billionaire Sam Bankman-crypto Fried’s exchange FTX to its list of unauthorised firms. In its announcement, the FCA did not reveal who will replace Steward.
