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UK’s FCA Seeks Public and Industry Views on Crypto Regulation
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Camomile Shumba
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By Camomile Shumba|Edited by Parikshit Mishra
Updated May 2, 2025, 9:27 a.m. Published May 2, 2025, 9:23 a.m.
- The Financial Conduct Authority is seeking feedback on various aspects of cryptoassets, including intermediaries and decentralized finance.
- The discussion paper follows draft legislation by the Treasury aimed at bringing specific cryptoasset activities under FCA regulation.
- The FCA aims to create a crypto regime that ensures market integrity and consumer protection while allowing innovation.
The U.K.’s Financial Conduct Authority (FCA) is seeking views on intermediaries, staking, lending, borrowing, and decentralised finance (DeFi), in a discussion paper released on Friday.
The discussion paper follows draft legislation by the Treasury that was announced on Tuesday. Once the legislation passes it will bring specific crypto activities within the FCA’s regulation, the regulator said on its website.
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“Crypto is a growing industry. Currently largely unregulated, we want to create a crypto regime that gives firms the clarity they need to safely innovate, while delivering appropriate levels of market integrity and consumer protection,” said David Geale, executive director of payments and digital finance at the FCA.
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.
Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
