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UK FCA readies tokenized-gold rulebook as London defends bullion hub status, FT reports

AI Market Summary
Reports that the UK's FCA is preparing a regulatory framework for tokenized gold signal an effort to formalize on-chain bullion instruments while defending London's market share amid competition from China. Clearer rules could improve institutional confidence, custody standards, and market integrity for tokenized gold products, influencing liquidity and spreads across gold-linked venues in the near term.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.02%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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The UK Financial Conduct Authority (FCA) is drawing up a regulatory framework for tokenized gold, the Financial Times reported. The move aims to safeguard London's leading role in global bullion trading as competition from China intensifies.
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