UK FCA Nears Final Consumer Duty Consultation for Crypto Firms
The UK Financial Conduct Authority said it is nearing a final Consumer Duty consultation aimed specifically at crypto businesses, reiterating that firms must secure clear, positive outcomes for customers while still allowing innovation to thrive. The policy push focuses on raising standards for product governance, disclosures, custody and marketing so consumers can understand risks and receive fair treatment.
For firms, the consultation narrows the compliance landscape: expect higher expectations for governance, testing and customer communications that could raise costs but also boost trust. For users, stronger conduct rules could mean clearer information, better protections and fewer misleading products. The FCA’s approach underscores a broader regulatory trend of balancing consumer protection with support for responsible innovation in digital assets.