UK’s FCA Lifts Ban on Crypto ETNs for Retail Investors
Update (June 6, 2025, 1:20 pm UTC): This article has been updated to add commentary by Kraken’s UK General Manager, Bivu Das.
The United Kingdom’s Financial Conduct Authority (FCA) has proposed lifting its ban on offering cryptocurrency exchange-traded notes (ETNs) to retail investors.
In a June 6 announcement shared with Cointelegraph, the FCA said the proposed change would allow individual consumers to access crypto ETNs, provided they are listed on an FCA-recognized investment exchange.
“We want to rebalance our approach to risk, and lifting the ban would allow people to make the choice on whether such a high-risk investment is right for them, given they could lose all their money,” said David Geale, executive director of…
