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Will UK crypto sector get a real choice over consumer duty or bespoke rules?

By Phoebe Seers ( March 19, 2025, 14:43 GMT | Comment) -- Responses to a recent consultation on a future UK regulatory regime for cryptoassets show the industry is divided on whether the Consumer Duty, which requires firms to secure good outcomes for consumers, is enough in itself to do away with the need for prescriptive rules. The financial markets regulator thinks not, but it is under government pressure to lighten the regulatory burden and encourage growth, so it may need to revise that opinion — and bring the industry along.Is the "consumer duty" on UK financial firms a panacea that helps curb over-regulation or a source of legal uncertainty and added stress. It all depends who, and how, you ask....

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