The U.K. Financial Conduct Authority (FCA) is progressing towards crypto regulation with its final consumer duty consultation. According to reports, the regulator emphasized that crypto firms must prioritize positive outcomes for their customers while also fostering innovation. The development signals a move towards greater oversight and consumer protection within the U.K.'s cryptocurrency market. The consultation suggests the FCA aims to strike a balance between encouraging technological advancement and safeguarding consumers in the crypto space.

The U.K. Financial Conduct Authority (FCA) is progressing towards crypto regulation with its final consumer duty consultation. According to reports, the regulator emphasized that crypto firms must prioritize positive outcomes for their customers while also fostering innovation. The development signals a move towards greater oversight and consumer protection within the U.K.'s cryptocurrency market. The consultation suggests the FCA aims to strike a balance between encouraging technological advancement and safeguarding consumers in the crypto space.