According to BlockBeats news on August 1, the UK's Financial Conduct Authority (FCA) announced today that it will allow retail investors to trade crypto ETN products (Exchange-Traded Notes) on approved UK domestic recognized investment platforms (RIEs), but they must comply with financial promotion rules to ensure information transparency and avoid improper incentives.
Although open trading channels are available, these types of products are still not protected by the UK's Financial Services Compensation Scheme (FSCS), and the relevant companies must comply with consumer duties.
The FCA's retail ban on crypto derivatives remains in effect, and it will continue to monitor market dynamics of high-risk investment products to promote the overall regulatory framework for crypto assets.