FCA Re-Appoints Nikhil Rathi as CEO for Five More Years
Nikhil Rathi has been re-appointed as CEO of the UK's Financial Conduct Authority (FCA) for another five years. His tenure will focus on reforms in the financial sector, including cryptocurrency regulations.
- The FCA has registered 51 crypto firms under money laundering rules, including Coinbase and BlackRock.
- Rathi aims to make the UK a favorable business environment by eliminating outdated regulations while ensuring consumer protection.
- A new crypto regime with an authorization process is planned for 2026.
- Papers on stablecoins, trading platforms, staking, and lending are expected early next year.