Consumer protection in view as cryptoasset activities brought into scope

As the Financial Conduct Authority progresses along its Crypto Roadmap, it has set out its approach to regulating cryptoasset trading platforms, intermediaries, cryptoasset lending and borrowing, staking and decentralised finance, along with the use of credit to purchase cryptoassets. Clear regulation and appropriate consumer protection will support long-term confidence in the sector, writes Ülkü Doğan.

Ülkü Doğan is a senior consultant with Pathlight Associates (www.pathlight.associates/consultant/ulku-dogan/) with a background in law, financial regulation and economics, including experience working with a central bank.

In April, HM Treasury published new measures to create a regulatory regime for cryptoassets in the United Kingdom. [1] The FCA then published a discussion paper, describing how it proposes to regulate certain activities of cryptoasset trading platforms and intermediaries. [2]