FCA looks to lift ban on crypto ETNs
Since then, the FCA has strengthened the money laundering controls over crypto, and in March 2024, it also allowed regulated exchanges to begin listing crypto ETNs for professional investors.
In the meantime, retail investors continue to have access to unregulated, high-risk spot crypto markets, leveraged exchange-traded products and other crypto proxy investments, which aren’t subject to any regulatory oversight, the regulator noted.
Now, following a review of the ban on retail crypto ETNs, the FCA is prepared to consider lifting the ban, “to ensure greater consistency in the regulatory treatment across products and reflect the changing market landscape and regulatory framework…”
Additionally, the products…
