FCA, crackdown on crypto: Consumer Duty and custody rules

FCA, crackdown on crypto: Consumer Duty and custody rules
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The regulation of cryptocurrencies in the United Kingdom enters a decisive phase.
The Financial Conduct Authority (FCA) has initiated a consultation to set minimum standards on transparency, consumer protection, and digital custody, in order to strengthen market confidence and ensure safer operations for exchanges, wallets, and crypto service providers.
The consultation was published on May 2, 2025, and opened a public discussion on operational responsibilities and safeguarding requirements for digital assets (CoinDesk). The goal is to make the rules clearer without hindering the sector’s evolution.
According to the data collected by our regulatory monitoring team, in the first weeks following the publication, the feedback received from professionals and operators focused mainly on custody, incident reporting, and insurance requirements.
Industry analysts note that many responses require technical clarifications on multi-sig, asset segregation, and recovery protocols, as

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We współpracy z: https://en.cryptonomist.ch/2025/09/17/fca-crackdown-on-crypto-consumer-duty-and-custody-rules/

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