The Financial Conduct Authority is looking for input on the future rules for specific cryptoasset activities ahead of legislation to regulate the movements.
In a statement today (2 May), the FCA said it is seeking views on intermediaries, staking, lending and borrowing, as well as decentralised finance, as crypto regulation is expected to boost legitimacy and confidence in the sector. The resulting discussion paper will be published with the aim of developing a "safe, competitive and sustainable cryptoasset sector". David Geale, executive director of payments and digital finance at the FCA, said: "Crypto is a growing industry. Currently largely unregulated, we want to create a crypto regime that gives firms the clarity they need to safely...
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