The UK regulator says the proposals will promote effective competition in the interests of consumers by allowing firms to compete in retail markets offering these products and providing greater investor choice.
The FCA is proposing to lift the ban on offering crypto exchange traded notes (cETNs) to retail investors noting that ‘similar products are already available in other countries’. This consultation demonstrates our commitment to supporting the growth and competitiveness of the UK’s crypto industry - David Geale, FCA According to the regulator, cETNs could be sold to individual consumers rather than just professional investors in the UK if they’re traded on