The Financial Conduct Authority (FCA) of the United Kingdom has suggested removing the prohibition on offering cryptocurrency exchange-traded notes (ETNs) to retail investors. The proposed change, announced on June 6, would enable individual consumers to access crypto ETNs if they are listed on an FCA-recognized investment exchange. David Geale, the FCA's executive director of payments and digital assets, emphasized the importance of allowing people to decide on high-risk investments for themselves. This move aligns with the UK's goal of becoming a prominent jurisdiction in the crypto space and signals the country's openness to cryptocurrencies. The FCA is also revising its crypto regulatory framework and seeking feedback on regulations for stablecoins and cryptocurrency custody. The UK government is planning a comprehensive regulatory regime to establish itself as a leader in the crypto sector, especially considering the increasing cryptocurrency ownership in the country compared to other economies. Read more AI-generated news on: https://app.chaingpt.org/news