FCA may allow crypto ETNs for retail traders under new proposal
Retail investors may soon be able to buy crypto ETNs, as the country’s top financial regulator weighs investor protections with innovation.
UK regulators are taking steps to boost growth in the country’s crypto industry. On Friday, June 6, the UK’s Financial Conduct Authority proposed lifting a ban on crypto exchange-traded notes for retail customers. However, these notes will have to be issued by FCA-approved exchanges.
David Geale, executive director of payments and digital finance at the FCA, explained that the agency wants to promote the UK crypto industry while also ensuring investor protections.
“This consultation demonstrates our commitment to supporting the growth and competitiveness…
