UK lifts retail ban on crypto ETPs, unlocking access to a £800B market
The UK has taken a decisive step toward mainstream crypto adoption after the Financial Conduct Authority (FCA) lifted its three-year ban on retail trading of crypto exchange-traded products (ETPs).
The decision, announced on Oct. 8, reverses a January 2021 restriction that prevented retail investors from accessing crypto exchange-traded notes (ETNs) over volatility and consumer-protection concerns.
As a result, trading on approved UK exchanges such as the London Stock Exchange is expected to begin on Oct. 16, marking a new phase for regulated crypto investment in Europe’s largest financial market.
According to the FCA, eligible ETNs will initially cover Bitcoin and Ethereum, and all trading will occur through authorized UK-based…
