FCA Asks for Public Feedback on Crypto Legislation
The UK's Financial Conduct Authority (FCA) is soliciting feedback on crypto assets to inform upcoming legislation. Key areas of focus include intermediaries, staking, lending, borrowing, and decentralized finance (DeFi). The FCA aims to establish clear regulations to enhance confidence and support growth in the crypto sector. This initiative follows a draft paper from the Treasury and seeks to bring specific crypto activities under FCA regulation. The FCA's strategy emphasizes sustainable growth, consumer protection, and combating financial crime. Public input is invited until June 13, 2025, after which the FCA will consult on the final regulatory framework. The discussion reflects a commitment to balancing innovation with oversight in the crypto market.
