The UK’s Financial Conduct Authority (FCA) has lifted its four-year ban on cryptocurrency exchange-traded notes (ETNs) for retail investors, a move expected to spur a 20% growth in the country’s digital asset market. This decision aligns the UK more closely with the U.S., where such products have been available for years, and is anticipated to enhance investor confidence and market liquidity.

The FCA’s action reflects the maturation of the digital asset market and the evolving landscape of cryptocurrency investment products. The move is also expected to attract institutional investors seeking regulated avenues for crypto exposure, further integrating digital assets into the mainstream financial ecosystem. While the ban on crypto derivatives for retail investors remains in place, the lifting of the ETN ban marks a significant step toward a more inclusive and dynamic digital asset market in the UK.

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Source: https://www.theblock.co/post/373828/uk-digital-asset-market-poised-20-growth-fca-lifts-four-year-bancrypto-etns