UK financial regulator the Financial Conduct Authority (FCA) said it will allow consumers access to crypto exchange traded notes (cETNs), as the watchdog aims at growing digital assets in Britain.

The move means cETNs could be sold to individual consumers rather than just professional investors in the UK, provided these are traded on an FCA-approved investment exchange (a Recognized Investment Exchange or RIE), according to an FCA press release on Friday.

FCA pointed out that similar products are already available in other countries. The FCA’s ban on retail access to cryptoasset derivatives will remain in place, while the regulator continues to monitor market developments and consider its approach to high-risk investments, the release said.

As regulatory regimes are put in place around

See Full Page