The post UK FCA Opens Crypto Standards Consultation Amid Criticism appeared on BitcoinEthereumNews.com.

The UK’s Financial Conduct Authority (FCA) has launched a consultation on new minimum standards for crypto firms. The regulator aims to apply rules from traditional finance to promote a well-regulated sector. While the FCA intends to strengthen consumer safeguards and market integrity with these proposals, the UK’s overall regulatory approach has been criticized as slow, restrictive, and disjointed. Sponsored Sponsored FCA Seeks Crypto Feedback The UK’s financial watchdog, the FCA, is seeking public feedback on a new set of proposed minimum standards for cryptocurrency companies to tighten its grip on the crypto sector. The proposals in the consultation paper CP25/25 aim to apply many of the same rules from traditional finance to crypto firms. The regulations especially focus on operational resilience and effective systems to combat financial crime. Today, the FCA published a new consultation paper — CP25/25: Application of the FCA Handbook for Regulated Cryptoasset Activities — which looks at the proposed application of existing FCA Handbook rules to firms conducting regulated cryptoasset activities 👉… pic.twitter.com/yCzxYdWrKB — CryptoUK 🇬🇧 (@CryptoUKAssoc) September 17, 2025 These measures will aim to help UK companies compete on the global stage. Recognizing the crypto market’s unique features, the FCA is also starting a discussion on applying a new principle to ensure firms operate in their customers’ best interests. “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust. Our proposals won’t remove the risks of investing in crypto, but they will help firms meet common standards so consumers have a better idea of what to expect,” said David Geale, the FCA’s executive director of payments and digital finance, in a press release.  The FCA set an October 15 deadline for feedback on the discussion paper and a November 12 deadline for the consultation paper. Sponsored Sponsored However,…

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Filed under: News - @ September 17, 2025 11:28 pm