According to Foresight News, the UK Financial Conduct Authority (FCA) is opening retail channels for cryptocurrency ETNs, stating that companies will soon be able to allow retail investors to access Cryptocurrency Exchange Traded Notes (cETNs). Cryptocurrency ETNs that retail investors can trade must be traded on a UK investment exchange approved by the FCA (i.e., a Recognized Investment Exchange, or RIE). The FCA's ban on retail access to crypto asset derivatives will remain in effect. The FCA will continue to monitor market developments and consider its approach to high-risk investments.
UK FCA: Firms will soon be able to offer retail investors access to cryptocurrency-traded notes
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