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UK Crypto Investors Praise Regulatory Changes as 'Key Moment'
Summary: According to sources, regulatory reforms in the UK are making it easier for retail investors to access cryptocurrencies, a development hailed as a 'key moment' in the market. The Financial Conduct Authority in the UK recently lifted the ban on retail investors accessing cryptocurrency exchange-traded products, a move likened to the financial reforms of the ...
According to sources, regulatory reforms in the UK are making it easier for retail investors to access cryptocurrencies, a development hailed as a 'key moment' in the market. The Financial Conduct Authority in the UK recently lifted the ban on retail investors accessing cryptocurrency exchange-traded products, a move likened to the financial reforms of the 1980s known as the 'Big Bang'.
CEO of cryptocurrency exchange-traded product issuer 21Shares, Russell Barlow, stated: 'This is significant, and can be seen as the first step in the UK financial market undergoing a major change in accepting and adopting digital assets more widely.' Dovile Silenskyte, Head of Digital Assets Research at WisdomTree, noted that the end of the UK retail ban 'marks a key moment in the broader integration of digital assets into the financial system'.
