The Financial Conduct Authority (FCA), the financial regulator of Great Britain, announced on Friday that it has decided to lift the ban that prevented retail investors from acquiring exchange-traded notes (ETNs) of cryptocurrencies.
This marks a shift from its previous stance of keeping these products out of reach for non-professional investors.
The FCA announced its decision on Friday, stating that allowing retail investors to buy ETNs would encourage growth and competitiveness.
This measure is an indication of the UK's evolutionary approach to cryptocurrencies as the government seeks to boost the economy and promote a digital assets industry.
