Wu said that the Chief Executive Officer of the Financial Conduct Authority (FCA) of the United Kingdom, Nikhil Rathi, outlined the regulatory agency's digital innovation strategy for the coming year in a letter to Prime Minister Keir Starmer. The report noted that the FCA has been promoting fintech innovation in multiple areas, particularly in the field of crypto assets, including allowing retail crypto exchange-traded notes (cETNs) and streamlining related product information. The FCA plans to continue advancing regulatory improvements for digital assets in 2026 and strengthen policy support for stablecoins, as well as promote the issuance of pound stablecoins in the UK. The UK has adopted a phased approach to cryptocurrency regulation aimed at balancing innovation with consumer protection. Additionally, the FCA will also promote an open financial system, focusing on supporting loans for small and medium-sized enterprises and further simplifying regulatory requirements.