The United Kingdom’s Financial Behavior Authority (FCA) is looking for views on intermediaries, bets, loans, loans and decentralized finance (DEFI), in a discussion document published on Friday.
The discussion document follows the draft of the Treasury legislation that was announced on Tuesday. Once the legislation is approved, it will bring specific cryptography activities within the regulation of the FCA, said the regulator on its website.
“Crypto is a growing industry. Currently, to a large extent, we want to create a cryptography regime that provides companies with the clarity they need to innovate safely, while offering appropriate levels of market integrity and consumer protection,” said David Geale, executive director of Digital Payments and Finance in the FCA.
