UK FCA CRYPTO PLANS ■
1. FCA Plans to Lift Ban on Retail Crypto ETNs
The UK Financial Conduct Authority (FCA) has proposed lifting its ban on crypto exchange-traded notes (ETNs) for retail investors. Previously restricted to professionals since 2021, these high-risk but regulated debt instruments tracking crypto like Bitcoin and Ethereum could soon be available to everyday investors—subject to FCA-approved exchange trading and financial promotions rules. A public consultation runs until July 7, 2025. Note: retail crypto derivatives remain banned .
