Regulators are starting to treat crypto and decentralized finance (DeFi) more like traditional financial markets, according to a new report from PwC, one of the “Big Four” accounting firms.
In its Global Crypto Regulation Report 2026, PwC said regulators are no longer treating crypto as a special case. Instead, they are starting to apply the same kinds of rules used in traditional markets, like making trading fairer, protecting everyday users, and setting clearer standards for how platforms should operate.
PwC said the change is happening across both centralized exchanges (CEXs) and decentralized protocols. These include monitoring for bad behavior, requiring more transparency, and making sure users understand what they are buying.
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