FCA to allow retail investors access crypto ETNs
The Financial Conduct Authority (FCA) has proposed to lift the ban on giving crypto exchange traded notes (cETNs) to retail investors.
FCA mentioned that similar offerings are already available around the world, and adopting this would mean that cETNs could be sold to individual consumers rather than just professional investors. This applies only if they traded on a FCA-approved investment exchange platform.
FCA’s stance on high-risk investments
The regulator wants financial promotion rules to apply so that consumers to get information on the risks and be aware of inappropriate incentives to invest, in the same way as if they purchased crypto assets traditionally.
This move reflects the FCA’s commitment to supporting…
