BlockBeats News, October 4th – The UK Financial Conduct Authority (FCA) announced that it will lift the ban on retail investors buying cryptocurrency exchange-traded notes (ETNs) starting next week, which has been in place since 2019, provided that the relevant products are listed for trading on an FCA-approved UK-based investment exchange.
Unlike ETFs, ETNs are debt securities linked to crypto assets and are not backed by physical assets. It is worth noting that the FCA has not simultaneously lifted the retail ban on crypto ETFs or derivatives.
