UK Crypto Ban Lifted, But Retail Investors Still Can’t Buy – What’s the Holdup?
The UK Financial Conduct Authority lifted its ban on crypto exchange-traded products for retail investors, effective October 2.
However, delays in prospectus approvals mean UK consumers will face nearly a week longer before they can purchase Bitcoin and Ethereum-linked products.
According to the FT, the regulator only began accepting prospectuses on September 25, just two weeks before the expected launch date, frustrating industry executives who blame inadequate preparation time.
The FCA will take days to review each company’s prospectus and may seek further comments, potentially delaying launches until at least October 13.
After regulatory approval, the London Stock Exchange must also approve listings.
The delay stems…
