The UK financial regulator has lifted a ban on the issuance of cryptocurrency exchange-traded notes (cETNs) by retail investors, a move welcomed by industry leaders as a step towards the UK's integration with the global cryptocurrency market and strengthening its position as a digital asset hub.
On Friday, the UK's Financial Conduct Authority (FCA) lifted its ban on retail investors entering cETNs, with regulatory changes due to take effect on October 8. The ban was implemented in January 2021, citing high market volatility and "lack of legitimate investment demand".
The withdrawal of the cETN ban reflects a shift in the way regulators treat cryptoassets. FCA executives said in a statement that the decision reflects the development of the market and a greater understanding of crypto-related products.
Analysis: The UK's ban on retail investors buying cryptocurrency ETNs is reversed, indicating that it is striving to become a cryptocurrency hub
2025-08-06 09:50:06
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