The U.Okay.’s Monetary 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. As soon as the laws passes it’s going to deliver particular crypto actions inside the FCA’s regulation, the regulator mentioned 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,” mentioned David Geale, government director of funds and digital finance on the FCA.
