UK FCA Consults on Consumer Duty Application to Cryptoasset Firms

The FCA entered the final stage of consultation on how Consumer Duty rules should apply to cryptoasset firms, with feedback due March 12, 2026. The Consumer Duty requires firms to act in good faith, avoid foreseeable harm, and help customers achieve financial goals across the entire customer journey.

• Consumer Duty extended to cryptoasset activities
• Good faith and harm prevention requirements
• Customer outcome-focused obligations
• Fair value assessments for crypto products