The Financial Conduct Authority (FCA) is proposing a major shift in its stance on crypto products for retail investors. The proposed change would allow everyday investors to trade crypto exchange-traded notes (cETNs) listed on FCA-approved exchanges, removing restrictions previously imposed since 2021. The ban was introduced to protect inexperienced investors from the volatility of the cryptocurrency market. This change could signal a more inclusive approach to digital assets and the broader crypto industry in the UK. However, the FCA emphasized that financial promotion rules will remain in place, ensuring clear and fair communication around cETNs. The move is seen as aligning with the UK government’s ambition for a global crypto hub.