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FCA to lift ban on crypto ETNs for retail investors

Hedge Funds Correspondent

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The Financial Conduct Authority is set to lift its ban on crypto exchange traded notes for retail investors, opening up the market to millions of novice traders.

The move would mean that the crypto ETNs could be sold to individual consumers rather than just professional investors in the UK. The FCA said that its financial promotion rules would still apply.

Firms will be able to offer crypto ETNs to novice traders in the UK

Bilal Jafar

Currencies

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