The United Kingdom is considering lifting the ban on purchasing exchange-traded cryptocurrency products..
The regulator allowed the trading of these products last year on platforms like the London Stock Exchange..
The United Kingdom is considering lifting the ban on purchasing exchange-traded cryptocurrency products.
The regulator allowed the trading of these products last year on platforms like the London Stock Exchange.
Exchange-traded funds for cryptocurrencies in the United States currently manage assets worth over $130 billion..
The regulatory body in the United Kingdom has proposed lifting the ban on individual investors buying products linked to exchange-traded cryptocurrencies, in a move aimed at enhancing competitiveness in the face of a revival in the U.S. cryptocurrency market under Donald Trump's administration.
The Financial Conduct Authority stated that this change would allow the sale of securities linked to tokens like "Bitcoin" and "Ethereum" to individual investors, provided they are traded on an exchange approved by the authority.
The regulator allowed the trading of these products last year on platforms like the London Stock Exchange, but that was limited only to professional investors.