PANews reported on April 10 that according to CoinDesk, Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), has been reappointed. Rathi is the first FCA CEO to be granted another five-year term by the Ministry of Finance. He will have more time to implement his plans for the financial sector, including the cryptocurrency sector. Under his leadership, the FCA has registered 51 cryptocurrency companies under anti-money laundering rules. Some of these companies include cryptocurrency and investment companies Coinbase, Revolut, eToro, and the largest asset management company BlackRock, which recently joined.

The FCA is seeking to establish a new cryptocurrency regulatory regime by 2026 and introduce a new authorization process. The agency intends to publish documents on stablecoins, trading platforms, staking, prudent cryptocurrency exposure and lending early next year. The regime will be officially launched after the final policy statement is released in 2026.