UK said to be preparing blueprint for tokenized gold

 The United Kingdom's Financial Conduct Authority (FCA) is preparing a framework for tokenized gold, and has contacted industry members on how it could go about regulating it so as to promote growth in the market, the Financial Times reported, citing people familiar with the plans.

The regulator has been looking for input on ways tokenized gold could be utilized as collateral in wholesale markets and is expected to unveil its announcement on developing regulatory guidelines in the next few months, the report said, citing one of the unnamed sources.

https://breakingthenews.net/Article/UK-said-to-be-preparing-blueprint-for-tokenized-gold/66884980