UK regulator backtracks over ban on retail crypto trading
FCA wants to allow investment in trading notes it had previously deemed harmful
The UK’s financial regulator has backtracked over its previous opposition to the retail trading of crypto exchange trading notes (CETNs).
On June 6, the Financial Conduct Authority (FCA) said it was proposing to lift its previous ban on the debt instruments, which track crypto prices, “to support UK growth and competitiveness”. It opened a consultation, which is due to close on July 7.
“This consultation demonstrates our commitment to supporting the growth and competitiveness of the UK’s crypto
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