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UK to Lift Ban on Cryptocurrency ETN Retail Trading Next Week, ETN Classified as Debt Securities Linked to Crypto Assets
Summary: According to reports, the UK Financial Conduct Authority (FCA) announced that it will lift the ban on retail investors purchasing Exchange Traded Notes (ETN) linked to cryptocurrency trading platforms starting next week, provided that the products are listed on UK local investment exchanges approved by the FCA. Unlike ETFs, ETNs are debt securities linked to ...
According to reports, the UK Financial Conduct Authority (FCA) announced that it will lift the ban on retail investors purchasing Exchange Traded Notes (ETN) linked to cryptocurrency trading platforms starting next week, provided that the products are listed on UK local investment exchanges approved by the FCA. Unlike ETFs, ETNs are debt securities linked to crypto assets and are not backed by physical assets. It is important to note that the FCA has not simultaneously lifted the ban on retail trading of crypto ETFs or derivatives.
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Link: UK to Lift Ban on Cryptocurrency ETN Retail Trading Next Week, ETN Classified as Debt Securities Linked to Crypto Assets [Copy]
