The UK’s financial regulator, the FCA, reassured Nikhil Rathi as CEO for another 5 years
Nikhil Rathi, was re -appointed as the UK financial executive officer of the UK financial regulator, Financial Conduct Authority (FCA).
Rathi is the first FCA CEO to be given another five years through Treasury and will now have more time to carry out his plans for the financial sector, including crypto.
Under his leadership, the FCA is registered 51 Crypto companies Under their money laundering policies. Some of the companies include Crypto’s preferences and investment company Coinbase, Revolut, Ethoro and the latest asset manager Blackrock.
“Rathi will lead the FCA as it continues to push reform to make the UK the best place to do business by removing unnecessary, obsolete and double regulations – while ensuring consumers are protected from destruction and can be confident in markets,” Treasury’s post said Thursday.
The FCA is looking to establish a New crypto regime with a fresh consent process by 2026. It aims to have papers on stablecoins, trading platforms, staking, prudential crypto exposure and lending in the early years. The regime will survive after final policy statements has been published in 2026.
