The UK financial regulator is planning to lift a ban on some retail investment products linked to cryptocurrencies, in a thawing of its hardline stance on digital assets as the British government pushes to make the country a global hub for the industry.
The Financial Conduct Authority on Friday proposed easing rules that have been in place since January 2021 and which prevent consumers from buying exchange-traded notes that track crypto coins such as bitcoin and ethereum. ETNs are debt securities that track an underlying asset but are traded on a stock exchange.
The softening of the FCA’s approach comes amid growing…
