The FCA's recent decision to allow cryptocurrency ETNs for retail investors reflects a shift towards a more inclusive regulatory environment for digital assets in the UK.
On June 6, the UK Financial Conduct Authority (FCA) announced the lifting of its ban on cryptocurrency exchange-traded notes (ETNs) for retail investors, enhancing access to these products on recognized exchanges. This regulatory change is part of the UK's strategy to remain competitive in the global crypto market, although the ban on crypto derivatives remains in place to mitigate investment risks.