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‘The market has evolved’: UK financial regulator to open retail access to crypto ETNs

Quick Take The UK financial regulator is set to open up access to crypto exchange-traded notes for retail investors on FCA-approved, UK-based exchanges. However, they will not be covered by the Financial Services Compensation Scheme, and the ban on crypto asset derivatives for retail remains in place. The Financial Conduct Authority, the UK's financial regulator, is set to open up access to crypto exchange-traded notes, dubbed "cETNs" for retail customers, expanding availability beyond professio...

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