UK financial watchdog opens consultations for DeFi guidance, crypto laws
Summary
The UK FCA opened consultations on guidance to help decentralized finance firms meet existing anti-money-laundering and financial-crime rules, and on which cryptoassets should be excluded from regulation after recent legislative changes. The DeFi guidance is intended to clarify current rules, not create new policy. The consultations come as the FCA prepares a broader crypto regime covering stablecoin holdings and reserve assets, expected to take effect in October 2027. Crypto firms can apply to the regime, with a February 28, 2027 compliance deadline.
