UK Bitcoin ETNs Mark a Significant Shift in Britain’s Position in Cryptocurrency, Industry Experts Suggest
Bitcoin Exchange Traded Notes Back in London After four years away, Bitcoin Exchange Traded Notes (ETNs) are making a return to London, and the implications might be more significant than anticipated. Starting on October 8, products like Crypto ETNs—which let retail investors gain exposure to cryptocurrency without buying the tokens directly—will be accessible once again. […]
UK regulator allows retail investors to access crypto ETNs again
The UK Financial Conduct Authority (FCA) has removed the ban on retail access to cryptocurrency exchange-traded notes (CETNs). Starting October 8th, UK businesses will be able to offer CETN to retail consumers, marking a significant regulatory change as announced by the FCA on Friday. This shift comes after the FCA had previously prohibited the sale […]
Bitcoin (BTC) tops $71000 as UK FCA opens door to crypto ETNs – CNBC
Chesnot | Getty Images News | Getty Images Bitcoin prices rebounded on Monday to hit an all-time high above $71,000 after Britain’s financial watchdog announced it would allow financial institutions to apply for exchange-traded products linked to cryptocurrencies for the first time. did. The Financial Conduct Authority said in a notice on Monday that it […]