Britain Lifts Retail Crypto ETN Ban, Indicating Efforts to Become Cryptocurrency Hub
BlockBeats News, August 6th, according to Cointelegraph's report, the UK financial regulator has lifted the ban on exchange-traded notes (cETNs) for retail investors on cryptocurrency exchanges, allowing individual investors to independently take on risks and make choices. This move has received industry support and is seen as a step for the UK to align with the global crypto market and strengthen its position as a hub for digital assets.
Last Friday, the Financial Conduct Authority (FCA) of the UK announced the lifting of the ban on retail investor trading of cETNs, with the regulatory changes taking effect on October 8th. The ban was implemented in January 2021 citing extreme market volatility and "a lack of legitimate investment need."
The reversal of the cETN ban reflects a shift in the regulatory agency's stance on crypto assets. A senior FCA executive stated in a release that this decision reflects the development of the market and an increased public understanding of crypto-related products. Despite lifting the ban on cETNs, the regulator clarified that crypto derivatives are still prohibited.
You may also like

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Blockchain Capital Partner: The Core Secret of Arbitrage

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

