UK’s FCA Proposes Lifting Cryptocurrency Investment Ban

The Financial Conduct Authority (FCA) of the United Kingdom is exploring lifting the existing ban on cryptocurrency-based exchange-traded notes (ETNs) for individual investors. This move follows a surge in interest in major digital assets like Bitcoin and Ethereum, which have contributed to the FCA’s analysis of market conditions related to this proposal. The proposal aims to provide retail investors with access to these products and create a more dynamic financial landscape. However, the FCA is committed to protecting investor interests while evaluating potential risks associated with such investments.