UK’s Financial Conduct Authority (FCA) is looking for views of intermediaries, efforts, lending, borrowing and decentralized financing (DEFI) in a discussion document released on Friday.

The discussion document follows draft legislation from the Treasury, which was announced on Tuesday. When the legislation is passed, it will result in specific crypto activities within FCA’s regulation, the regulator said on its website.

“Crypto is a growing industry. Currently largely unregulated, we want to create a crypto regime that gives businesses the clarity they need for sure to innovate, while providing appropriate levels of market integrity and consumer protection,” said David Geal, CEO of payments and digital financing at FCA.