Regulation● Neutral

UK regulator suggests checking personal crypto wallets in nonbinding guidance

TradingGain Newsroom·3d ago·26 Oct 2026, 08:00 UTC

The UK Financial Conduct Authority (FCA) has put out a nonbinding consultation on crypto. It treats due diligence on unhosted, or personal, wallets as good practice. The FCA also criticizes unexplained third-party scores and rigid tracing rules.

Why it matters

Checking unhosted wallets is listed as good practice, not a firm requirement.
The consultation criticizes unexplained third-party scores used in crypto compliance checks.
Rigid transaction tracing rules also drew criticism, so firms may face more flexible expectations.

What to watch next

Watch for the FCA's final guidance and any decision to turn these proposals into binding rules.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.