BlockBeats news, on August 3, according to the new regulations from the UK Financial Conduct Authority (FCA) that will take effect on October 8, UK retail investors will soon be able to purchase cryptocurrency exchange-traded notes (cETN). cETNs must be listed on FCA-approved UK trading platforms and comply with financial promotion and consumer responsibility rules. Although retail users are allowed to use cETNs, they will not be protected by the Financial Services Compensation Scheme.
The UK Financial Conduct Authority previously banned retail investors from accessing crypto ETNs in 2021, citing concerns over investor protection. (CoinDesk)