FCA lifts retail ban on crypto ETNs
The UK’s financial watchdog has ended its four year ban on the use of crypto-based exchange traded notes (ETNs) by retail investors in a move that could add 20% to the UK’s crypto market
Editorial
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The scrapping of the ban was announced earlier this year and is enacted from today. It has been welcomed by crypto vendors and investment platforms alike.
According to research from investment platform IG, the FCA’s rescinding of the ban coud lead to a surge in crypto-related investing from consumers.
‘With ETNs set to launch, we expect a surge in crypto adoption – especially among younger generations…
