UK Retail Investors to Gain Access to Crypto Exchange-Traded Notes in October

According to a report by Jinse Finance, under new regulations from the UK Financial Conduct Authority (FCA) set to take effect on October 8, UK retail investors will soon be able to purchase crypto exchange-traded notes (cETNs). cETNs must be listed on FCA-approved UK trading platforms and comply with financial promotion and consumer duty rules. While retail users will be permitted to use cETNs, they will not be covered by the Financial Services Compensation Scheme. The UK Financial Conduct Authority had previously banned retail investors from accessing crypto ETNs in 2021, citing concerns over investor protection.