FCA looks to lift ban on crypto ETNs for the retail market

Retail investors will be able to invest in crypto exchange-traded notes (cETNs) if, as looks likely, a consultation has enough support to end the current ban on selling cETNs to them.

By Neasa MacErlean

Following proposals described in Chapter 3 of the regulator's quarterly consultation, the United Kingdom might then be able to make up some lost ground in comparison to the United States and European Union, although the existing retail prohibition for cryptoasset derivatives would remain in place.