Unchained · Wednesday, July 15, 2026
Beyond the recently published comprehensive rulebook, the UK's FCA is also considering future regulatory approaches for market making and decentralized finance (DeFi). Jessie expressed optimism about the FCA's theoretical openness to DeFi, and the progress made in incorporating industry feedback on capital requirements. The specific consultation papers on these topics are still pending.
“And there are also two consultation papers covering FCA handbook aspects that aren't finalized yet, and those two cover market making and DeFi.”
“So we have to stay tuned here.”
“Uh, I like the certainty here, I like guidance, guidance progress on regulation is good.”
“This will make the UK more attractive, particularly to institutional crypto and tradfy institutions.”
“And I like to see the theoretical openness on DeFi specifically and the progress, like in response industry feedback on things like capital requirements.”