UK's FCA lifts ban on crypto ETNs for retail investors
The UK’s Financial Conduct Authority (FCA) has proposed lifting the ban on cryptocurrency exchange-traded notes (ETNs) for retail investors, allowing access to crypto ETNs listed on FCA-recognized exchanges. This change aims to rebalance risk, enabling consumers to choose high-risk investments. The FCA is developing a new regulatory framework for cryptocurrencies, seeking public feedback on stablecoins and custody regulations. UK Chancellor Rachel Reeves announced plans for a comprehensive regulatory regime to position the UK as a leader in the crypto sector. Concerns were raised in the House of Commons regarding political parties accepting cryptocurrency donations, with MP Sarah Olney emphasizing the need for transparency. Nigel Farage, leader of the Reform UK party, announced that the party will accept cryptocurrency donations, claiming to be the first in Britain to do so.
