SOURCES: BRITISH FCA PROPOSED TO DEVELOP A REGULATORY FRAMEWORK FOR MONETIZATION OF GOLD

ACCORDING TO THE FINANCIAL TIMES, SOURCES HAVE REVEALED THAT THE BRITISH FINANCIAL CONDUCT REGULATORY AUTHORITY (FCA) IS IN DISCUSSIONS WITH INDUSTRY REPRESENTATIVES, INCLUDING LARGE BANKS, TO DEVELOP A REGULATORY FRAMEWORK FOR MONETIZATION OF GOLD TO FACILITATE THE DEVELOPMENT OF THE MARKET. CURRENTLY, FCA HAS SOUGHT FEEDBACK ON HOW TOKENIZED GOLD IS USED AS COLLATERAL IN WHOLESALE MARKETS AND FURTHER ANNOUNCEMENTS ON THE DEVELOPMENT OF RELEVANT REGULATORY STANDARDS ARE EXPECTED IN THE COMING MONTHS。