British Retail Investors to Be Able to Purchase Cryptocurrency Exchange Traded Notes in October

BlockBeats News, August 3rd, according to the Financial Conduct Authority (FCA) of the UK, a new regulation set to take effect on October 8th, UK retail investors will soon be able to purchase cryptocurrency exchange-traded notes (cETN). cETNs must be listed on an FCA-approved UK trading platform and comply with financial promotion and consumer responsibility rules. While retail users are allowed to use cETNs, they will not be covered by the Financial Services Compensation Scheme.

The UK Financial Conduct Authority had previously banned retail investors from accessing cryptocurrency ETNs in 2021 due to concerns about investor protection issues. (CoinDesk)