On October 9, the UK's Financial Conduct Authority (FCA) officially lifted its retail ban on cryptocurrency exchange-traded notes (ETNs). HM Revenue & Customs confirmed that cryptocurrency ETNs can be held tax-free in individual savings accounts (ISAs) and registered pension plans. From April 6, 2026, cryptocurrency ETNs will be reclassified as Innovative Financial ISA (IFISA) investment products, but the tax advantages remain unchanged.
The London Stock Exchange has listed a number of cryptocurrency ETNs from issuers such as 21Shares, WisdomTree and ETC Group, which were previously open only to professional investors. These products must be fully physically backed by the underlying asset held by a regulated custodian and must not use leverage.
The UK has officially lifted the retail ban on cryptocurrency ETNs
2025-10-09 09:28:27
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