Bitcoin Magazine UK Lifts Ban on Bitcoin ETNs, Research Shows Retail Crypto Market Could Jump 20%
The U.K.’s Financial Conduct Authority (FCA) has officially lifted its four-year ban on retail access to bitcoin and crypto exchange-traded notes (cETNs).
Starting today, firms can offer retail investors exposure to bitcoin and other cryptoassets through ETNs traded on FCA-approved investment exchanges such as the London Stock Exchange or Cboe UK.
The change came into effect today after months of consultation and signals a more open — though still cautious — regulatory stance toward crypto.
“Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood,” said David Geale, executive director of payments and digital finance