FCA sets out tougher framework for crypto firms under CP26/4
The UK’s Financial Conduct Authority has published Consultation Paper CP26/4, which outlines how its regulatory handbook will apply to firms carrying out newly regulated cryptoasset activities. The proposals outline standards of conduct, consumer protections, rules on safeguarding, and expectations for international firms looking to access the UK market.
Under CP26/4, the FCA has proposed that the Consumer Duty be applied to crypto firms in the same way as it is for other authorized firms. As a result, firms that serve retail customers would have to show fair value, transparent disclosures, and effective consumer support. However, the Duty would not apply to trading between participants on a UK authorized qualifying…
