CryptoUK Response to FCA Consultation Paper 25/25: Application of FCA Handbook for Regulated Cryptoasset Activities (Part 2)
CryptoUK and its members have submitted a detailed response to the FCA’s Consultation Paper on the application of the FCA Handbook to cryptoassets. Representing over 100 leading firms across the UK and globally, CryptoUK’s submission provides pragmatic, evidence-based feedback to help shape a proportionate and effective regulatory framework for the sector.
Key themes in our response include:
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Sector-specific guidance: A call for clearer, practical guidance on implementing the FCA’s proposals, particularly around financial crime controls and the responsibilities of cryptoasset intermediaries.
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Same risk, same regulatory outcome: Support for the FCA’s stated principle, but concern that certain proposals place disproportionate burdens on crypto firms relative to traditional finance.
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International alignment: Encouragement for global harmonisation, while noting areas—such as sustainability disclosures—where divergence from international standards may be unwarranted.
CryptoUK thanks the FCA for the opportunity to contribute and welcomes continued engagement on developing a balanced and globally aligned regulatory regime for cryptoassets.
To read the full response, please click here to download the PDF
