UK regulators to prepare tokenized gold framework: Report
The UK’s FCA is reportedly preparing a regulatory framework for tokenized gold and how these products may be used as collateral assets in wholesale markets.
The UK’s Financial Conduct Authority (FCA) has reportedly held talks with banks and other industry participants over potential rules for tokenized gold.
The FCA has also sought feedback on the use of tokenized gold as collateral in wholesale markets, people familiar with the matter told the Financial Times.
The regulator is reportedly preparing to outline plans for new regulatory standards for tokenized gold. Cointelegraph has approached the FCA for comment on the matter.