The UK regulatory authority is currently developing a regulatory framework for tokenized gold.

August 10th. According to the Financial Times, the UK Financial Conduct Authority (FCA) is in discussions with industry institutions to explore the regulatory approach to tokenized gold, including several major banks. The initiative is part of the UK's efforts to drive the digitization of the financial markets and consolidate London's position as the global gold trading hub.

The report states that the UK regulatory authority is expected to announce plans to establish regulatory standards for tokenized gold in the coming months. This move may provide a more clear regulatory framework for the development of tokenized gold products in the UK financial market.