The Financial Conduct Authority (FCA) of the United Kingdom is looking for opinions on intermediaries, punctures, loans, loans and decentralized finances (DEFI), in a discussion document published on Friday.
The discussion document follows a bill by the Treasury which was announced on Tuesday. Once the legislation is adopted, it will provide specific cryptography activities as part of the FCA regulation, the regulator said on its website.
“Crypto is a growing industry. Currently unregulated, we want to create a cryptographic regime that gives companies the clarity they need to innovate in complete safety, while offering appropriate levels of market integrity and consumer protection,” said David Geale, executive director of digital payments and finances at the FCA.
