UK financial regulator FCA reappoints Nikhil Rathi as CEO for another five-year term
Under his leadership, the FCA introduced a registration regime for cryptocurrency firms and published discussion papers on a new regime that will come into force in 2026.
Chamomile Shumba | Modified by Parikshit Mishra , April 10, 2025, 12:01 PM
Key points:
- The UK government's Treasury Department has reappointed Nikhil Rathi as FCA CEO.
- Under his leadership, the FCA registered 51 cryptocurrency companies under anti-money laundering rules.
Nikhil Rathi has been reappointed as chief executive of the UK's financial regulator, the Financial Conduct Authority (FCA).
Rathi became the first FCA chief executive to be given an extra five years in office by the Treasury, giving him more time to implement his initiatives in the financial sector, including the area of cryptocurrencies.
Under his leadership, the FCA has registered 51 crypto firms under its anti-money laundering rules, including Coinbase, Revolut, eToro and, most recently, investment giant BlackRock.
“Rati will lead the FCA as it continues to deliver reforms to make the UK a more attractive place to do business by removing unnecessary, outdated and duplicative regulations, while ensuring consumer protection and market confidence,” the Treasury said in a statement on Thursday.
The FCA plans to introduce a new crypto regime with a new authorisation process by 2026. It aims to produce documents on stablecoins, trading platforms, staking, prudential crypto exposure and lending by early next year. The new regime will be launched after the publication of final policy statements in 2026.
