Coinbase Policy Head Warns UK 2027 Rules Could Bar DeFi Access

The warning matters less as a Coinbase complaint than as a signal of how the UK's approach could bifurcate the market: regulated venues boxed out of DeFi while unregulated access persists around them. That affects exchanges and brokers with UK permissions most directly, and by extension the DeFi protocols that depend on regulated on-ramps for liquidity. The open question is whether UK policymakers treat DeFi access as a perimeter problem to be managed or a risk to be excluded — and whether the industry's push for a workable regulated route shapes the final framing before the rules take effect.