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UK’s FCA Seeks Public and Industry Views on Crypto Regulation
UK’s FCA Seeks Public and Industry Views on Crypto Regulation
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The Financial Conduct Authority (FCA) has opened a consultation on cryptoasset regulation, targeting intermediaries, staking, lending, and decentralized finance (DeFi). This follows draft legislation proposed by the UK Treasury earlier this week that would bring specific crypto activities under the FCA’s oversight.
David Geale, the FCA’s executive director of payments and digital finance, emphasized the need for clarity: "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." The move signals growing institutional recognition of digital assets while prioritizing consumer protection.
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