UK FCA Lifts Ban on Retail Purchase of Crypto ETNs

According to BlockBeats, the UK Financial Conduct Authority (FCA) has officially lifted the ban on retail investors purchasing crypto exchange-traded notes (ETNs), which has been in place since 2019. The decision allows these products to be traded on FCA-approved local investment platforms in the UK. Unlike exchange-traded funds (ETFs), ETNs are debt securities linked to crypto assets and are not backed by physical assets. It is important to note that the FCA has not lifted the ban on retail trading of crypto ETFs or derivatives source: https://www.binance.com/en/square/post/30776959548866?utm_source=BinanceNewsRSS