UK FCA Finalizes Crypto Consumer Duty Rules: Key Regulatory Step for Bitcoin and Ethereum

The UK's Financial Conduct Authority (FCA) has taken a decisive step towards comprehensive cryptocurrency regulation by launching its final consultation on the Consumer Duty. This pivotal move aims to establish a robust framework for crypto asset firms, mandating higher standards of consumer protection. The new rules will require companies to act in good faith, avoid foreseeable harm, and enable customers to pursue their financial objectives. This regulatory clarity is seen as a major development for the crypto market, impacting major assets like Bitcoin (BTC) and Ethereum (ETH). The consultation period is now open, signaling the FCA's commitment to integrating digital assets into the formal financial system with enhanced safety and transparency for all investors.