The FCA is a public and industrial view of the UK encryption regulation.

The UK’s financial behavioral authorities (FCA) are looking for views on intermediaries, steaking, loans, borrowings and distributed finance (Defi) in the debate published on Friday.

The discussion paper follows the draft of the Treasury’s bills announced on Tuesday. If the bill is passed, the regulators said on the website, the regulatory authorities said it would bring certain encryption activities within the FCA regulations.

“Crypto is a growing industry, and a company that is not regulated now,” said David Geale, director of the FCA’s payment and digital finance director.