Reported about 10 hours ago
The Financial Conduct Authority (FCA) is proposing to lift its ban on the sale of crypto exchange-traded products (ETPs) to retail investors in the UK, aiming to bolster the country's crypto industry. Currently, only professional investors have access to these products, but consultations indicate a potential change as early as September. The FCA’s executive director expressed a commitment to balancing risk and enabling consumer choice regarding high-risk investments, while maintaining a ban on crypto derivatives. This shift follows increasing pressure on the FCA and would allow UK retail investors access to regulated products.
Source: YAHOO