FCA Seeks Public Input on Cryptocurrency Regulations

The UK’s Financial Conduct Authority (FCA) has launched a call for public input on cryptocurrency regulations. Their discussion paper outlines specific areas of interest, including intermediary involvement, staking and lending practices, and the burgeoning field of decentralized finance (DeFi). This initiative seeks to craft clear legislation that will foster industry growth while building confidence within the crypto market. The FCA’s five-year strategy focuses on smarter regulation to support continued economic expansion, aiming to empower consumers with greater financial management tools and combating financial crime in the process.