U.K. FCA Seeks Feedback on Consumer Duty for Crypto Asset Firms Ahead of 2027 Regulations

The Financial Conduct Authority is finalizing its consultation on crypto regulations, seeking input by March 12 on how consumer duty rules should be applied to crypto firms in the U.K.

49d ago

Summary

The U.K. Financial Conduct Authority (FCA) is in the final stage of its consultation on the application of Consumer Duty rules to cryptoasset firms. Feedback is due by March 12, with plans to open a gateway for cryptoasset permissions in September 2026, ahead of new regulations set to take effect by October 2027. The FCA stresses that the regulation aims to set standards, not eliminate investment risks.

Terms & Concepts

Consumer Duty: A set of rules by the FCA requiring financial firms to act in good faith, avoid harm, and support customers in achieving financial goals.
FCA (Financial Conduct Authority): The U.K. financial regulatory body overseeing the conduct of financial services firms, including cryptoasset firms.