The UK will lift the retail ban on crypto ETNs next week, which are debt securities linked to crypto assets

ChainCatcher news, the UK Financial Conduct Authority (FCA) announced that starting next week, it will lift the ban on retail investors purchasing Exchange Traded Notes (ETNs) linked to cryptocurrency that has been in place since 2019, provided that the relevant products are listed and traded on FCA-approved local investment exchanges in the UK.

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.