FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors

The UK’s top financial regulator just made a surprising pivot. The Financial Conduct Authority (FCA), known for its cautious stance on crypto, is planning to lift its ban on crypto exchange-traded notes (ETNs) for retail investors.

Yep, after years of saying “not on our watch,” the door might finally be creaking open. If the ETN ban is lifted, retail investors could gain regulated access to crypto exposure through traditional broker platforms.

ETNs: The Middle Ground for Crypto Curious

So what are crypto ETNs, and why should anyone care? Think of them as a way to bet on crypto without touching it. They let investors track the price of digital assets like Bitcoin through traditional stock exchanges, without needing to set up wallets or worry about losing keys.

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