FCA Greenlights Eunice to Test Crypto Disclosure Templates in UK

The FCA approved Eunice to test crypto disclosure templates with major exchanges in its sandbox, aiming to improve transparency and inform future UK crypto rules set for 2026.

The UK's Financial Conduct Authority (FCA) has approved RegTech firm Eunice to test standardized crypto disclosure templates in its regulatory sandbox, collaborating with major exchanges such as Coinbase, Crypto.com, and Kraken. This initiative aims to enhance transparency and investor protection by developing industry-led templates that inform consumers of risks before purchasing digital assets. The FCA's sandbox allows for real-world testing of these templates, with insights from the trials expected to shape the UK's final crypto disclosure rules, set for implementation in 2026. The regulator's approach emphasizes industry collaboration and practical experimentation, moving beyond policy consultations to observe how disclosure tools function in active market conditions. The FCA has also tightened financial promotion rules, issued warnings to unregistered exchanges, and lifted the ban on crypto exchange-traded notes for retail investors. The sandbox remains open to other companies developing similar solutions, reflecting the FCA's commitment to fostering innovation and transparency in the evolving digital asset sector.