FCA weighs easing rules for tokenized gold
- —The FCA may remove tokenized gold from CIS and AIF rules
- —XAUT: market cap $2.63 billion, monthly turnover $3.7 billion (+10.91%)
- —PAXG: market cap $1.87 billion, monthly turnover $1.61 billion (+14.10%)
- —London accounts for about 70% of the global gold trading market
Why it matters: Easing the rules could draw gold from London vaults onto the blockchain and strengthen competition with China for the gold market.
Source: BeInCrypto CN