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UK financial firms asked how traditional finance rules should apply to crypto

( September 17, 2025, 08:36 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has asked financial firms how its rules, such as the Consumer Duty or the Senior Managers and Certification Regime, should apply to the cryptoasset sector. The proposals follow the finance ministry's draft legislation published in April 2025. David Geale, FCA executive director of payments and digital finance said: "Our proposals won’t remove the risks of investing in crypto, but they will help firms meet common standards so consumers have a better idea of what to expect." The FCA has released on Wednesday a discussion paper, open to feedback until Oct. 15 and a consultation paper, open to feedback until Nov. 12.Statement follows, consultation paper is attached....

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