UK Financial conduct Rules offered to promote good business practices among cryptocurrency companies.
Many of the proposed rules already apply to traditional financial companies, said the FCA in a Wednesday, September 17) press release.
The FCA has cryptographic asset rules relating to financial promotions and the prevention of financial crimeBut the Proposals will expand its regulatory discount to include consumer protection against poor business practices, helping to strengthen confidence in the cryptography sector and watch consultation document Posted Wednesday.
The regulator requests comments on proposals, including how Duty to consumption Consumer protection rules must apply to crypto and how complaints must be managed, according to the press release.
After receiving comments on the proposals, the FCA plans to publish final rules in 2026, according to the press release.
“We want to develop a sustainable and competitive cryptographic sector – innovation, innovation, market integrity and confidence”, ” David Gealesaid the executive director of digital payments and finance at the FCA, in the press release. “Our proposals will not remove the risks of investing in crypto, but they will help companies meet common standards, so that consumers have a better idea of what to expect.”
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The FCA release of its proposals follows the February publication of Treasury HM‘s bill To create a regulatory framework for cryptographic assets, the press release said.
Geale declared in the press release that the regulator worked on standards “before the legislation to have it put into account our regulations”.
The FCA has published a cryptocurrency regulation roadmap In November, adage He planned to invite people participate in the process through a series of “targeted consultations” before He is in question his finish Crypto rules in 2026.
The regulator said at the time when found that 12% of British adults had crypto, compared to 10% pass conclusions, and this consciousness of the crypto had reached 93%, against 91%.
Ten percent of THE British adults interviewed by the FCA said they did not to drive Any research before purchase Crypto.
In August, He was reported that the United Kingdom cryptocurrency industry praised an FCA decision to put an end to its ban on offering negotiated products in exchange for crypto to retail investors.
