The UK's FCA enters the final stage of cryptocurrency regulatory consultation, seeking opinions on consumer responsibility rules

The UK's Financial Conduct Authority (FCA) has entered the final stage of its regulatory consultation for cryptocurrency companies and is seeking feedback on how its consumer duty rules apply to crypto asset firms, with a deadline of March 12. The FCA plans to open the application process for crypto asset licenses in September 2026.

Consumer duty is a regulation from the UK's Financial Conduct Authority (FCA) aimed at setting high standards for how financial firms treat retail customers. The regulation requires firms to act with integrity, avoid causing foreseeable harm, and help people achieve their financial goals. Companies must provide clear information, fair pricing, and support throughout the entire customer journey (not just at the point of transaction).