Big Change in UK Crypto Regulation – Retail Access to Bitcoin Products Coming Soon?

The post Big Change in UK Crypto Regulation – Retail Access to Bitcoin Products Coming Soon? appeared first on Coinpedia Fintech News

The UK may finally be easing its grip on crypto investment products. After banning retail access to crypto exchange-traded notes (cETNs) back in 2020, the Financial Conduct Authority (FCA) is now proposing to lift that ban. If approved, everyday investors in the UK would be able to trade cETNs, regulated products that give exposure to cryptocurrencies like Bitcoin and Ethereum, through official trading platforms.

This move comes as global interest in crypto investment products continues to grow. Earlier this year, the US approved several spot Bitcoin ETFs, which have already attracted billions in investments from both institutional and retail buyers. Now, the UK is under pressure not to fall behind.

In our response to the FCA’s consultation, CryptoUK welcomed the proposal to lift the ban on retail access to cryptoasset exchange traded notes (cETNs). But we also believe it’s time to start the conversation about retail access to crypto ETFs.

Spot Bitcoin ETFs approved in the… pic.twitter.com/tjnOLnuIWm