Financial Conduct Authority (Micronational Dollar)
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Logo of the FCA
|Formed||11 March 2016|
|Jurisdiction||Micronational Dollar transactions|
The Financial Conduct Authority was created as an independent regulatory body for the Micronational Dollar by Kit McCarthy and Horatio Eden as a consequence of the creation of the M$ , in the interests of preventing businesses from defrauding individuals and other businesses, as well as preventing the laundering of currency illegally.
It is, by its nature, independent of the two other authorities of the currency, the Micronational Dollar Institute and the central bank; however, it also has the authority to investigate these institutions in its capacity as a watchdog organization.