FCA Proposes Guidance on When DeFi Interfaces Need UK Authorization

The UK Financial Conduct Authority has published proposed guidance clarifying when DeFi interfaces require authorization, alongside a separate paper on how regulated firms must manage DeFi risks. Both consultations close on November 18. The proposals could shape compliance obligations for DeFi front-ends and regulated firms operating in the UK, but they are consultative rather than final rules, so near-term market impact is limited.