FCA permits UK-listed cryptoasset-backed ETNs for professional investors, maintaining ban on retail consumers.

UK's FCA allows recognised exchanges to launch UK-listed cryptoasset-backed exchange-traded notes (ETNs) for professional investors, including investment firms and credit institutions. These ETNs meet all requirements for UK listings and exchanges must ensure orderly trading and proper protection for investors. The FCA believes that crypto asset-backed ETNs and cryptocurrency derivatives are unsuitable for retail consumers, maintaining the ban on sales to these investors.

March 11, 2024
10 Articles