The UK needs a workable route to regulated DeFi access

The UK’s 2027 crypto rules risk a de facto ban on regulated firms providing access to DeFi, argues Coinbase’s European policy head Katie Harries. The United Kingdom is approaching a choice that could define its financial future: should decentralized finance (DeFi) be allowed to develop through regulated gateways or will it be constrained to a silo? This is not just relevant to crypto enthusiasts; it goes to the future of capital markets, the competitiveness of the City and the UK’s ability to shape the next generation of financial infrastructure.