DeFi Education Fund Urges FCA to Reconsider Developer Classification

The DeFi Education Fund, a decentralized finance advocacy group based in the United States, has called on the U.K. Financial Conduct Authority (FCA) to reconsider its proposed classification of developers of non-custodial protocols as intermediaries under the new crypto regulation framework. According to NS3.AI, the group argues that this classification would place unnecessary regulatory burdens on creators of decentralized protocols. This appeal underscores the ongoing global discussions about the appropriate regulatory approach for decentralized projects.