We are consulting on our proposed guidance on the Consumer Duty for cryptoasset firms.
Why we are consulting
We want to develop a competitive and sustainable cryptoasset sector. Our proposed rules and guidance aim to:
- Promote market integrity
- Protect consumers
- Support innovation and competition in the UK cryptoasset market
The guidance we are consulting on aims to help cryptoasset firms to effectively apply the Consumer Duty to their regulated activities.
We plan to open our gateway for firms to apply for cryptoasset permissions in September 2026.
Who this is for
- Firms planning to undertake regulated cryptoasset activities as set out in the Treasury’s Statutory Instrument[2].
- Industry groups, law firms, and trade bodies representing cryptoasset firms.
- Auditors and professional advisers in the cryptoasset sector.
- Consumer interest groups.
It may also interest:
- Policy makers and other regulatory bodies.
- Academics and think tanks.
- Industry experts and commentators.
Next steps
We want your comments on our proposals by 12 March 2026. The questions we are consulting on are contained in Chapter 2 of CP26/4[3].
Please respond:
- via our online form for CP26/4
- by email
- or in writing to: Crypto Policy Team, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN
To help firms and stakeholders understand the policy rationale and gather feedback, we will arrange a series of virtual and in-person engagements.