UK to lift crypto ETN ban for retail traders on October 8 – Details here!

Key Points

1. The Financial Conduct Authority (FCA) banned retail access to Bitcoin and other crypto ETNs in January 2021 but is now reversing this decision due to crypto becoming 'more mainstream' and 'better understood.'

2. Retail traders will soon join professional investors in accessing crypto ETNs, though derivatives will remain restricted for retail users.

3. The FCA's decision aligns with the UK's push for regulatory clarity in the crypto sector, with full regulations expected by 2026.

4. Crypto ETNs will not be covered by the Financial Services Compensation Scheme, and the ban on leveraged crypto derivatives for retail traders remains in place.