The Financial Conduct Authority (FCA), the UK financial regulatory body, announced on Friday that it has decided to lift the ban that prevented retail investors from purchasing exchange-traded notes (ETNs) in the cryptocurrency market.
This move represents a shift from its previous stance of keeping these products out of reach for non-professional investors.
The Financial Conduct Authority announced its decision on Friday, noting that allowing retail investors to purchase ETNs would enhance growth and competitiveness.
This step is an indication of the UK's evolving approach to cryptocurrencies, as the government seeks to boost the economy and encourage the digital asset industry.
