FCA Consultation CP26/4: New UK Rules for Cryptoasset Firms Ahead of the 2026 Gateway

The Financial Conduct Authority (FCA) has opened a consultation seeking views on “further rules for cryptoasset firms,” described as the final step in its consultations on crypto rules. The FCA says it has made significant progress on its crypto roadmap and is supporting firms to meet standards ahead of the gateway opening in September 2026. 

In this consultation, the FCA sets out proposals for how key regulatory expectations would apply to cryptoasset firms, including the Consumer Duty, conduct standards, redress and dispute resolution, and safeguarding. It is also seeking feedback on its proposed approach to international cryptoasset firms. The FCA frames these proposals as part of building an open, sustainable and competitive crypto market “that people can trust,” while noting that risks remain and that regulation cannot—and should not—eliminate all risk. 

The consultation (open until 12 March 2026) covers a package of topics: application of the Consumer Duty (supported by additional non-Handbook guidance), complaints handling and redress (DISP), conduct of business standards (COBS), rules on using credit to buy cryptoassets, training and competence, categorisation under the Senior Managers and Certification Regime (SM&CR), regulatory reporting (SUP 16), cryptoasset safeguarding and custody approach for specified investment cryptoassets, treatment of retail collateral in cryptoasset borrowing, and location policy guidance to support effective oversight. 

The FCA also reiterates that crypto is currently largely unregulated in the UK, except for financial promotions and financial crime purposes, while it continues to develop its regime at pace following draft legislation published by the Government.

Source: FCA seeks feedback on further rules for cryptoasset firms | FCA