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The UK FCA plans to lift the ban on retail investor sales of exchange-traded notes for Crypto Assets.
According to Gate News bot, Wu reported that the UK's Financial Conduct Authority (FCA) plans to revise the sales policy for Crypto Assets Exchange-Traded Notes (cETNs). The new policy will allow cETNs listed on FCA-approved exchanges to be open to retail investors.
The ban that has been in effect since 2021 only allowed professional investors to participate in cETNs trading. The FCA emphasized that this policy adjustment is one of the measures to support the development of the UK crypto industry, and the relevant financial promotion rules remain in effect.
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