The UK Financial Conduct Authority has officially lifted the retail ban on purchasing crypto exchange-traded notes

BlockBeats News, October 9th, according to CoinDesk, the UK Financial Conduct Authority (FCA) has formally lifted its ban on retail investors buying exchange-traded notes (ETNs) linked to crypto assets since 2019, provided that the relevant products are listed for trading on FCA-approved UK-based investment exchanges. 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.