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Retail investors in the UK will be able to purchase Crypto Assets exchange-traded notes in October.
BlockBeats news, on August 3, according to the new regulations from the UK's Financial Conduct Authority (FCA) that will take effect on October 8, retail investors in the UK will soon be able to purchase cryptocurrency exchange-traded notes (cETN). cETNs must be listed on FCA-approved trading platforms in the UK and comply with financial promotion and consumer responsibility rules. While retail users are allowed to use cETNs, they will not be covered by the Financial Services Compensation Scheme. The UK Financial Conduct Authority previously banned retail investors from accessing crypto ETNs in 2021 due to concerns over investor protection issues. (CoinDesk)