{"id":59586,"date":"2025-09-17T14:03:42","date_gmt":"2025-09-17T14:03:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-firms-in-britain-may-face-new-fca-proposals-on-conduct-rules\/"},"modified":"2025-09-17T14:03:42","modified_gmt":"2025-09-17T14:03:42","slug":"crypto-firms-in-britain-may-face-new-fca-proposals-on-conduct-rules","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-firms-in-britain-may-face-new-fca-proposals-on-conduct-rules\/","title":{"rendered":"Crypto firms in Britain may face new FCA proposals on conduct rules"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/20250917_124335_MAloD-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/20250917_124335_MAloD-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/20250917_124335_MAloD-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/20250917_124335_MAloD-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li data-start=\"73\" data-end=\"722\">UK\u2019s FCA proposes easing 4 core rules for crypto firms while stressing strong operational safeguards.<\/li>\n<li data-start=\"73\" data-end=\"722\">Regulator cites $1.5B Bybit hack to justify tougher cyber resilience rules despite lighter principles.<\/li>\n<li data-start=\"73\" data-end=\"722\">Crypto ownership in Britain hits 12%; FCA seeks feedback by Nov 12 on new regulatory framework.<\/li>\n<\/ul>\n<p data-start=\"73\" data-end=\"722\">Britain\u2019s financial regulator has unveiled proposals that could reshape how cryptocurrency companies operate in the country.<\/p>\n<p data-start=\"73\" data-end=\"722\">The Financial Conduct Authority (FCA) said on Wednesday that crypto firms might be exempted from four key principles that usually apply to financial services companies.<\/p>\n<p data-start=\"73\" data-end=\"722\">These rules normally ensure that businesses act with integrity, with skill and diligence, and in the best interests of customers.<\/p>\n<p data-start=\"73\" data-end=\"722\"><a href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/uk-regulator-proposes-exempting-crypto-firms-integrity-other-rules-2025-09-17\/\">The FCA\u2019s consultation<\/a> comes at a time when Britain is positioning itself as a major player in the global digital assets sector, after signalling in April that it would work with the United States on a coordinated approach.<\/p>\n<h2 data-start=\"724\" data-end=\"787\">FCA suggests easing four core principles for crypto sector<\/h2>\n<p data-start=\"789\" data-end=\"1275\">The FCA said it is considering removing four specific obligations for crypto trading platforms.<\/p>\n<p data-start=\"789\" data-end=\"1275\">These cover requirements that firms must run their business with integrity, act with care and skill, take account of customer interests, and ensure any advice or discretionary decisions made for clients are suitable.<\/p>\n<p data-start=\"789\" data-end=\"1275\">The regulator noted that while crypto assets remain volatile and risky, the new framework is designed to help firms meet consistent standards without stifling competition.<\/p>\n<p data-start=\"1277\" data-end=\"1583\">The regulator stressed that these adjustments are aimed at supporting the growth of the UK\u2019s crypto industry, while still maintaining trust and market stability.<\/p>\n<p data-start=\"1277\" data-end=\"1583\">At the same time, it highlighted that crypto assets remain high-risk and consumers must continue to be protected from poor business practices.<\/p>\n<h2 data-start=\"1585\" data-end=\"1645\">Stronger operational risk rules after $1.5 billion hack<\/h2>\n<p data-start=\"1647\" data-end=\"2110\">While easing some principles, the FCA is also proposing stricter measures on operational risk.<\/p>\n<p data-start=\"1647\" data-end=\"2110\">This move follows a $1.5 billion hack on Dubai-based exchange Bybit in February, which the regulator pointed to as an example of why \u201cstrong operational resilience controls\u201d are needed.<\/p>\n<p data-start=\"1647\" data-end=\"2110\">The FCA wants firms to ensure they have systems in place that can withstand cyberattacks and operational failures, which are becoming more frequent as digital asset markets expand.<\/p>\n<p data-start=\"2112\" data-end=\"2439\">The consultation paper also asks whether customer access to the Financial Ombudsman Service should extend to crypto asset firms, giving clients a route to compensation when disputes arise.<\/p>\n<p data-start=\"2112\" data-end=\"2439\">In addition, it seeks feedback on whether the consumer duty\u2014requiring firms to put customer interests first\u2014should apply in this market.<\/p>\n<h2 data-start=\"2441\" data-end=\"2494\">Growing ownership of cryptocurrencies in Britain<\/h2>\n<p data-start=\"2496\" data-end=\"2875\">Crypto ownership has increased sharply in Britain in recent years.<\/p>\n<p data-start=\"2496\" data-end=\"2875\">Government data shows that about 12% of adults have owned or currently own cryptocurrencies such as Bitcoin or Ethereum, compared with only 4% in 2021.<\/p>\n<p data-start=\"2496\" data-end=\"2875\">This rapid growth underscores the need for a regulatory framework that both protects customers and allows the industry to expand in a competitive environment.<\/p>\n<p data-start=\"2877\" data-end=\"3113\">The FCA is asking for feedback on its proposals by 12 November.<\/p>\n<p data-start=\"2877\" data-end=\"3113\">Any finalised rules are likely to set the tone for how Britain balances consumer protection with the ambition to build a sustainable and competitive digital asset sector.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-firms-in-britain-may-face-new-fca-proposals-on-conduct-rules\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) UK\u2019s FCA proposes easing 4 core rules for crypto firms while stressing strong operational safeguards. Regulator cites $1.5B Bybit hack to justify tougher cyber resilience rules despite lighter principles. Crypto ownership in Britain hits 12%; FCA seeks feedback by Nov 12 [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":59587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59586"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59586"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59587"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}