UK FCA seeks comments on 'promoting investment culture' policy…requests feedback from virtual asset industry

The UK Financial Conduct Authority (FCA) has requested submissions from the virtual asset industry regarding the 'promoting investment culture' policy.

On the 8th (local time), according to crypto-focused media Cointelegraph, the FCA said that in this consultation it intends to receive industry policy feedback on key issues including ways to expand consumers' access to investments, customer classification systems, and conflict of interest management.

Specifically, the FCA asked for views on examining barriers and information asymmetry in the process by which individual investors access investment products, how customers should be classified (distinctions based on experience and knowledge levels), and how to control potential conflicts of interest on the part of firms.

The market interprets this as a stage in which the FCA is seeking regulatory design directions that reflect the characteristics of the virtual asset industry while finding a balance between investor protection and market activation.