We are consulting on our proposed guidance on the Consumer Duty for cryptoasset firms.
Why we are consulting
We want to develop a competitive and sustainable cryptoasset sector. Our proposed rules and guidance aim to:
- Promote market integrity
- Protect consumers
- Support innovation and competition in the UK cryptoasset market
The guidance we are consulting on aims to help cryptoasset firms to effectively apply the Consumer Duty to their regulated activities.
We plan to open our gateway for firms to apply for cryptoasset permissions in September 2026.
Who this is for
- Firms planning to undertake regulated cryptoasset activities as set out in the Treasury’s Statutory Instrument[2].
- Industry groups, law firms, and trade bodies representing cryptoasset firms.
- Auditors and professional advisers in the cryptoasset sector.
- Consumer interest groups.
It may also interest:
- Policy makers and other regulatory bodies.
- Academics and think tanks.
- Industry experts and commentators.
Next steps
On 30 June 2026, we published our final rules and guidance[3], which will apply to all cryptoasset firms which have been authorised to operate under FSMA on or after 25 October 2027.
: Information added Final rules and guidance published.