Shift Markets Responds to the FCA: Shaping the Future of UK Crypto Regulation

We recently submitted a formal response to the UK Financial Conduct Authority’s (FCA) Discussion Paper 25/1, addressing proposals for operating a cryptoasset trading platforms, intermediation, cryptoasset lending and borrowing, staking and decentralised finance within its remit.

In our response, we emphasized the importance of a clear, principles-based regulatory regime—one that promotes innovation while protecting retail users and preserving market integrity. We highlighted key areas where regulation must strike a balance: from risk disclosures and client categorization, to conflicts of interest, proprietary trading, and transparency requirements.

Read our full response to the FCA here.