#ukseeksviewsontokenizinggold 🔴
FCA explores bespoke rules to exempt tokenized gold
from U.K. fund regulations
The Financial Conduct Authority is developing a separate regulatory framework for tokenized
gold, potentially carving it out from existing U.K. fund laws. London's over-the-counter gold
market accounts for 70% of global notional trading volume, though China is challenging this dominance.
Jon Relleen, FCA director of infrastructure and exchanges, said: "We're keen to understand whether existing regulatory frameworks remain the right fit for gold markets and how innovation could strengthen the efficiency and competitiveness of U.K.$XAU $XLM $BANK
FCA explores bespoke rules to exempt tokenized gold
from U.K. fund regulations
The Financial Conduct Authority is developing a separate regulatory framework for tokenized
gold, potentially carving it out from existing U.K. fund laws. London's over-the-counter gold
market accounts for 70% of global notional trading volume, though China is challenging this dominance.
Jon Relleen, FCA director of infrastructure and exchanges, said: "We're keen to understand whether existing regulatory frameworks remain the right fit for gold markets and how innovation could strengthen the efficiency and competitiveness of U.K.$XAU $XLM $BANK
