According to Cointelegraph: The London Stock Exchange Group (LSEG), the parent company to the London Stock Exchange and multiple fintech firms, seeks a director for digital assets according to its LinkedIn job posting.
In its quest for the right candidate, LSEG listed several qualifications, including a “passion for and understanding of digital assets, cryptocurrencies, and distributed ledger technology.”
According to the job description, the successful candidate will aid the company in developing and implementing a commercial strategy for new infrastructure solutions. The appointee will also help enhance LSEG's position and reach within digital private markets.
However, a representative from LSEG told Cointelegraph that they could not provide additional details about this development at this time.
This move follows LSEG's earlier announcement about their plan to utilize blockchain technology for the creation of a traditional asset trading platform. Through this venture, they aim to increase the efficiency of holding, purchasing, and selling these assets.
Despite LSEG’s interest in blockchain technology, the group's head of capital markets, Murray Roos, clarified that they would not be venturing into cryptocurrency-related projects.
This comes amidst increasing regulation in the UK's crypto environment. In October, the UK passed a bill allowing authorities to confiscate Bitcoin used in criminal activities and announced new stablecoin regulations.
Furthermore, the country's financial watchdog issued a warning to crypto companies to comply with marketing regulations by January 2024, tightening its oversight of the rapidly growing industry.
