FCA (UK financial regulator) plans comprehensive digital asset regulation, GBP stablecoin development, AI promotion, and blockchain migration of traditional assets.
The Financial Conduct Authority (FCA) in the United Kingdom announced that fiat-pegged stablecoins will be a central element of its regulatory agenda. CEO Nikhil Rathi informed Prime Minister Keir Starmer that the regulator aims to finalize digital asset rules by 2026. The FCA also intends to advance British pound-denominated stablecoin issuance, foster artificial intelligence adoption, and migrate traditional financial assets to blockchain platforms as part of a wider strategy to stimulate economic growth.