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UK FCA to overhaul rules for tokenised gold

Britain\'s Financial Conduct Authority is reviewing whether to avoid applying existing fund rules to tokenised gold and instead create a separate regulatory framework. The FCA has started gathering industry views on whether tokenised gold can improve efficiency in trading, transfer, collateralisation and custody, and highlighted uncertainty over whether it falls under collective investment scheme or alternative investment fund rules. It may issue guidance or establish a dedicated regime, but no final decision has been made.