TechFlow reports, on October 4, the UK Financial Conduct Authority (FCA) announced it will lift, starting next week, the ban imposed since 2019 on retail investors purchasing crypto exchange-traded notes (ETNs), provided that relevant products are listed and traded on a UK domestic investment exchange approved by the FCA. Unlike ETFs, ETNs are debt securities linked to crypto assets and are not backed by physical assets. Notably, the FCA has not simultaneously lifted the retail ban on crypto ETFs or derivatives.
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