Consultation Response on the FCA CP25/40: Regulating cryptoasset activities

The MiCA Crypto Alliance, together with Exponential Science and the UK Centre for Blockchain Technologies, submitted a detailed response to the FCA’s CP25/40 consultation on regulating crypto-asset activities. The response draws on academic research in market microstructure, financial risk, and systemic stability to address conflicts of interest, retail protection, execution quality, transparency calibration, settlement finality, and leverage risk. It provides evidence-based recommendations to support a resilient and proportionate UK crypto-asset regulatory framework.