TechFlow, on August 7, according to Jinshi Data citing the Financial Times, regulatory reforms are making it easier for UK retail investors to access cryptocurrencies, a move hailed by industry insiders as a "turning point" for the market.
Last week, the UK Financial Conduct Authority decided to lift its ban on offering cryptocurrency exchange-traded products to retail investors, a move some have compared to the UK's 1980s financial deregulation known as the "Big Bang."
Russell Ballew, CEO of 21Shares, a provider of crypto exchange-traded products, said: "This is significant and can be seen as the first step in a broader shift toward acceptance and adoption of digital assets in UK financial markets."
Dovile Silenskyte, Head of Digital Asset Research at WisdomTree, said the end of the UK retail ban "marks a pivotal moment for the broader integration of digital assets into the financial system."
