UK’s FCA Launches Final Consultation On Crypto Consumer Duty

The UK’s Financial Conduct Authority (FCA) has moved forward with plans to regulate the cryptocurrency sector by opening its final consultation on consumer duty requirements.

The regulator said crypto firms operating in the UK must place customer outcomes at the centre of their products and services. The consultation aims to clarify how existing consumer duty rules will apply to activities such as trading, custody, and promotion of crypto assets. The FCA said the approach is intended to strengthen consumer protection while allowing firms to develop new products and services. The regulator added that the consultation forms part of a wider framework to bring crypto activities under UK financial oversight.