UK FCA consults on DeFi rules and crypto authorization perimeter

The UK's Financial Conduct Authority (FCA) has published two consultations covering DeFi regulation and crypto perimeter guidance, clarifying which crypto activities require FCA authorization. Responses are due November 18, ahead of the UK's full crypto regime launching in October 2027. The perimeter guidance determines where the regulator's remit begins and ends, a key question for decentralized finance platforms operating in the UK.