UK to Lift Retail Ban on Crypto ETNs, ETF Still Requires Regulatory Framework Update
Foresight News reported, according to Cointelegraph, that the UK Financial Conduct Authority (FCA) has announced it will lift the ban on retail investors purchasing crypto exchange-traded notes (ETNs) starting next week, provided that the relevant products are listed and traded on FCA-approved local UK investment exchanges. Unlike ETFs, ETNs are debt securities linked to crypto assets and are not backed by physical assets. It is worth noting that the FCA has not simultaneously lifted the retail ban on crypto ETFs or derivatives.
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