The financial regulator in UK has announced its progress in its crypto regulation plans to open a new regulatory ‘door’ for digital assets-based firms in September 2026.
The Financial Conduct Authority (FCA) said it is currently making plans to advance the current crypto roadmap in order to meet up with the upcoming standards before the new regime officially begins.
In the recent report, the regulator outlined how key rules, including Consumer Duty, conduct standards, redress, and safeguarding, will apply to digital assets companies operating in the UK.
The FCA is also currently asking for feedback on how international digital assets firms should be treated under the new framework. According to the regulator, the goal for doing this is to build a digital assets market that is healthy, competitive, trusted, and gives companies room to grow.
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The financial regulator also shared that Consumer Duty will play a major role in the new rules because digital assets firms would be required to deliver fair outcomes for customers and also provide clear information that helps users understand what they are investing in.
Simultaneously, the FCA has stressed that crypto investing will always carry risks, and that the new regulation is not meant or going to remove the high risks that comes with investing in digital assets but instead, would ensure that people properly understand what they are getting into.
FCA Pushes for Balanced Crypto Regulation
The consultation builds on proposals released in December, which aim to apply similar regulatory standards to cryptoassets as those used in traditional finance. These include proportionate rules for firms, clearer disclosures for consumers, and flexibility to support innovation in the sector.
Despite the progress, the FCA reminded the public that digital assets remain largely unregulated in the UK for now, except in areas such as financial promotions and financial crime controls.
The regulator also added that this will remain the case until the full digitalasset regime is in place following draft legislation published by the UK government.
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