Global Digital Finance (GDF), jointly with the Crypto Council for Innovation (CCI), convened their joint membership to analyse the Financial Conduct Authority’s Consultation Paper CP25/25 on the Application of the FCA Handbook for Regulated Cryptoasset Activities. The following is in response to the questions set out in chapters 1-5.
GDF and CCI welcome the FCA’s proactive approach in seeking to establish a clear and proportionate regulatory framework for qualifying cryptoasset activities in the UK. We strongly support the FCA’s objectives of ensuring market integrity, consumer protection, and operational resilience, while fostering innovation in digital assets and financial services.
This draft response brings together feedback from our members and industry participants with the aim of providing constructive input into the consultation process. In particular, the response highlights areas where further clarification, proportionality, or additional guidance may be beneficial to support the effective implementation of the FCA’s proposals.
Submitted: 12/11/25