UK FCA Targets DeFi Risks as New Crypto Regulatory Framework Takes Shape
Photo: Crypto Daily
The UK Financial Conduct Authority is sharpening its approach to decentralised finance as the country prepares for a much broader regulatory regime covering cryptoasset businesses. The regulator has opened a consultation on guidance for firms providing financial services using decentralised finance . Rather than creating a separate regulatory system specifically for decentralised protocols, the FCA is focusing on how existing obligations around operational resilience, financial crime and anti-money laundering should apply when regulated companies interact with DeFi.
Source: Crypto Daily
