First report 1h ago•Last update 1h ago
UK Financial Regulator Targets DeFi Projects
The UK's Financial Conduct Authority (FCA) has stated that 'decentralized' applications are not exempt from regulation, challenging the notion of 'true DeFi' as a legal concept.
Background
The UK government and its financial regulators are increasingly scrutinizing the cryptocurrency sector. This reflects a global trend where authorities grapple with how to regulate decentralized finance (DeFi) and other digital assets, aiming to balance innovation with consumer protection and financial stability.
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UK Financial Regulator Targets DeFi Projects
First report 6h agoLast update 6h ago1 takes 1
defi projects subject to regulationneutralShow 1 post
started 6h ago•Last update 6h ago
The UK FCA asserts that DeFi projects cannot evade regulation simply by being labeled 'decentralized', and that 'true DeFi' is not a legal concept.
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