UK FCA Releases Discussion Paper on Crypto Regulation Feedback
The U.K. Financial Conduct Authority (FCA) has released a discussion paper to gather feedback on intermediaries, staking, lending, borrowing, and decentralised finance (DeFi).
- This follows draft legislation from the Treasury aimed at regulating specific crypto activities.
- Once enacted, the legislation will bring these activities under FCA oversight.
- David Geale of the FCA stated the goal is to establish a clear regulatory framework for innovation while ensuring market integrity and consumer protection.