The FCA Relaxes Retail Exposure Limit for Crypto ETN Products, But Derivatives Ban Remains
BlockBeats News, August 1st, According to official sources, the UK Financial Conduct Authority (FCA) announced today that retail investors are allowed to trade crypto ETN products on approved UK-based Recognised Investment Exchange (RIE) platforms, subject to compliance with financial promotion rules to ensure information transparency and prevent inappropriate incentives.
Despite the opening of trading channels, such products are still not protected by the UK Financial Services Compensation Scheme (FSCS), and relevant companies must also comply with the Consumer Duty.
The FCA's retail ban on crypto derivatives remains in effect, and it will continue to monitor the market dynamics of high-risk investment products to promote the development of an overall regulatory framework for crypto assets.
You may also like
Gainers
Latest Crypto News
Mainstream Perp DEX Overview: Hyperliquid Trading Volume Continues to Decline by 56.9% in the Last 7 Days, Lighter Trading Volume Takes a Steep Dive Ahead
BiyaPay Analyst: HashKey's Listing Imminent, Hong Kong Stock Market Welcomes First Cryptocurrency Compliance Giant
A certain whale has accumulated 2.33 million LINK over the past six months, currently facing an unrealized loss of $10.5 million
CoinShares: Digital Asset Investment Products Saw $1.07 Billion in Net Inflows Last Week
Abraxas Capital has allocated half of its funds to purchase HYPE spot, with a position reaching $56 million.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]