FCA Seeks Public and Industry Views on Crypto Regulation in the UK

The U.Okay.’s Financial Conduct Authority (FCA) is searching for views on intermediaries, staking, lending, borrowing, and decentralised finance (DeFi), in a dialogue paper launched on Friday.

The dialogue paper follows draft laws by the Treasury that was introduced on Tuesday. Once the laws passes it should carry particular crypto actions inside the FCA’s regulation, the regulator stated on its web site.

“Crypto is a growing industry. Currently largely unregulated, we want to create a crypto regime that gives firms the clarity they need to safely innovate, while delivering appropriate levels of market integrity and consumer protection,” stated David Geale, govt director of funds and digital finance at the FCA.