CoinDesk·3 min read·medium
Why the UK financial watchdog is drafting new rules for tokenized gold
O
Olivier Acuna
✦AI Summary
The UK's Financial Conduct Authority is drafting new regulations for tokenized gold to encourage market growth and modernize wholesale financial markets. This initiative aligns with the government's broader 12-month plan to digitize the country's financial sector.
The Financial Conduct Authority (FCA) approached financial institutions to explore tokenized gold regulations to foster market growth, the Financial Times reported Monday, citing people familiar with the plans .
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