UK’s FCA Seeks Feedback on Consumer Duty Rules for Crypto Firms

In Brief

• FCA launches final crypto regulation consultation until March 2026.
• Crypto firms must comply with Consumer Duty by October 2027.
• Bitcoin’s price drops by 6.24% in the past week, showing market fluctuations.

The UK Financial Conduct Authority (FCA) has launched the final stage of its consultation on crypto regulations. The consultation focuses on how the Consumer Duty rules should be applied to crypto firms. Feedback on this issue is being sought until March 12, 2026, with the aim to finalize the regulatory framework for the sector.

The FCA plans to open the application gateway for crypto asset firms in September 2026, ahead of the full authorization requirement by October 2027. These regulations will ensure that firms act in good faith, provide clear communication, and support customers in achieving their financial goals. 

However, the FCA has stressed that regulation will not eliminate the inherent risks associated with crypto investments.

FCA Focuses on Consumer Protection and Market Innovation

Under the Consumer Duty, crypto firms must prioritize customer financial outcomes while maintaining fair pricing and transparency. The FCA’s rules are designed to protect consumers without hindering innovation within the crypto industry. The regulator also emphasized that while it seeks to enhance market trust, it cannot remove all risks related to crypto assets.

The FCA’s proposed rules also aim to set standards for conduct, dispute resolution, and safeguarding for crypto firms. This approach reflects the ongoing effort to create a balanced regulatory framework, ensuring consumers’ interests are protected while allowing space for growth in the digital asset sector.

Bitcoin is currently trading at $89,453.57, according to CoinMarketCap. In the past hour, the price has dropped by 0.48%, but it saw a slight increase of 0.02% over the past 24 hours.

Despite this, Bitcoin has experienced a 6.24% decrease in the past week, indicating the volatility that continues to shape its market performance.