UK FCA Eases Restrictions on Retail Access to Crypto ETN Products, but Derivatives Ban Remains
BlockBeats News, August 1—According to official sources, the UK Financial Conduct Authority (FCA) announced today that retail investors are now permitted to trade crypto ETN products (crypto exchange-traded notes) on approved UK-recognized investment exchanges (RIEs). However, these transactions must comply with financial promotion rules to ensure transparency and prevent improper incentives.
Although trading channels have been opened, these products remain outside the protection of the UK Financial Services Compensation Scheme (FSCS), and relevant companies must also comply with the Consumer Duty.
The FCA’s retail ban on crypto derivatives remains in effect, and the authority will continue to monitor the market dynamics of high-risk investment products while advancing the development of a comprehensive crypto asset regulatory framework.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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