UK’s FCA seeks public input on staking, lending, and DeFi in new discussion paper

The UK’s Financial Conduct Authority (FCA) is soliciting public input on critical aspects of the crypto industry, including staking and lending, as part of shaping future regulations.

This initiative follows a draft legislation from the UK Treasury to expand FCA oversight on crypto activities, indicating a significant step towards establishing a clear regulatory framework.

David Geale emphasized the importance of consumer protection in the crypto market, aligning UK regulations with global trends, particularly the EU’s MiCA implementation.