REGULATION · UK
FCA releases decentralized finance and cryptoasset perimeter guidance
UK Financial Conduct Authority published two consultation papers clarifying regulatory scope for decentralized finance (DeFi) and cryptoasset activities. Guidance defines which DeFi services require authorization and which fall outside FCA perimeter.
WHY IT MATTERS
Reduces legal ambiguity for UK fintechs and banks exploring DeFi or crypto services. Expected to influence EU and APAC regulators, given FCA's precedent-setting role.