UK FCA opens DeFi consultations to clarify crypto rules ahead of 2027

The UK's Financial Conduct Authority has opened two consultations to clarify how decentralized finance businesses will be regulated and which crypto activities could qualify for exemptions when the country's new framework takes effect in October 2027. The UK FCA has opened two consultations covering DeFi compliance requirements and exemptions from its upcoming crypto regulatory framework. The proposed guidance explains how existing operational resilience, financial crime and money laundering rules apply to firms using decentralized protocols. Certain stablecoin payment arrangements, proprietary trading activities and technical service providers could qualify for regulatory exemptions.

Also reported by TheCoinrise.

Source: crypto.news