FCA to lift ban on selling crypto ETPs to retail
The Financial Conduct Authority (FCA) is proposing to lift the ban on selling crypto exchange-traded products (ETPs) to retail investors in a bid to “support UK growth and competitiveness”.
According to the press release, the UK regulator is launching a consultation around allowing individual investors to buy crypto ETPs so long as they are listed on an FCA-approved exchange such as the London Stock Exchange (LSE).
Current regulation permits only professional UK investors access to the product class, but that could change as early as September.
The “consultation demonstrates our commitment to supporting the growth and competitiveness of the UK’s crypto industry,” commented David Geale, executive director of payments and digital…
