The Payments Association’s Riccardo Tordera told Cointelegraph that the ban’s reversal allows individual investors to make their own choices at their own risk.
The United Kingdom’s financial regulator has lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the country with global crypto markets and strengthening its position as a digital asset hub.
On Friday, the UK’s Financial Conduct Authority (FCA) reversed the ban on retail access to cETNs, with regulatory changes taking effect from Oct. 8. The ban was enforced in January 2021, citing extreme volatility and “lack of legitimate investment need.”
The cETN ban reversal reflects a change in the regulator’s approach to crypto assets. In a statement, an FCA executive said the decision reflects how the market has evolved and how crypto-related products are now better understood.
