UK Crypto Regulation Must Embrace DeFi: Paradigm Responds to the FCA
Crypto is global. Even as America moves closer to legislation on stablecoins and market structure, the rest of the world is also charging ahead. Embracing DeFi is not optional; it’s a prerequisite for remaining competitive in the future of global finance.
The UK has, over multiple administrations, expressed its ambition to be a global hub for digital asset innovation. This dream will manifest or dissipate depending on how the Financial Conduct Authority (FCA) approaches decentralized finance (DeFi). Last week, Paradigm submitted a response on the FCA’s Discussion Paper 25/1 on regulating cryptoasset activities, highlighting crucial steps to ensure DeFi can flourish in the United Kingdom.
We believe in the immense potential for DeFi to…
