UK FCA Lifts Ban on Retail Crypto ETN Purchases

The UK Financial Conduct Authority (FCA) will lift a 4-year-old ban on retail investors purchasing crypto exchange-traded notes (ETNs) starting next week. This decision comes after the ban was imposed in 2019. The change requires these products to be listed on FCA-approved local investment exchanges within the UK. These ETNs are debt securities linked to crypto assets and aren’t backed by physical assets. It’s important to note that the FCA has not lifted the retail ban on crypto ETFs or derivatives.