Two of the largest and most structurally important Solana DeFi protocol frontends have geofenced UK users.
The developments come amid continued uncertainty regarding the regulatory requirements of the UK Financial Conduct Authority (FCA), the country’s finance markets regulator.
Frontends are web portals commonly used to interact with DeFi protocols, and are often maintained by the protocol development teams. In recent months, frontends have become a focal point for crypto regulation — and the geofencing moves highlight how they may act as a point of centralization for the industry.
Reports emerged on Monday that Solana liquid staking provider Marinade Finance and Solana-based…
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