Nikhil Rathi is Reappointed as CEO of the UK's Financial Regulator for Another Five Years
Nikhil Rathi has been reappointed by the UK government to continue as the Chief Executive Officer of the Financial Conduct Authority, focusing on the evolving crypto landscape.
What You Need to Know
- Nikhil Rathi has been reappointed as the Chief Executive of the U.K.’s Financial Conduct Authority (FCA).
- In his tenure, the FCA has registered 51 crypto firms under its anti-money laundering regulations.
Nikhil Rathi has secured a continuation of his role as CEO at the Financial Conduct Authority (FCA) in the U.K., extending his leadership for an additional five years as appointed by the Treasury. This position provides him ample time to realize his vision for the financial environment, particularly concerning cryptocurrency.
Under Rathi’s guidance, the FCA has implemented a registration framework for crypto firms, with notable firms such as Coinbase, Revolut, and BlackRock among those now operating under its oversight.
“Rathi will guide the FCA as it seeks to enact reforms aimed at positioning the U.K. as a leading business hub while simultaneously ensuring consumer protection and confidence in financial markets,” the Treasury’s announcement emphasized here.
The FCA is planning to roll out a new crypto regulation regime by 2026, which will include guidance on various aspects of cryptocurrency, including stablecoins, trading platforms, and lending, set to be finalized in 2026.
