FCA is also preparing to lift its ban on retail investment in cryptocurrency exchange-traded notes (ETNs).

The UK Financial Conduct Authority (FCA) has unveiled new proposals aimed at establishing minimum standards for crypto firms under the Consumer Duty framework. These proposals are designed to ensure firms deliver good outcomes for consumers, mirroring many of the requirements already in place for traditional financial institutions. This includes expectations around operational resilience and robust systems to combat financial crime. The proposals are part of the FCA’s broader roadmap to