UK retail investors will be able to buy cryptocurrency exchange-traded notes in October

according to the new regulations that will come into effect on October 8th by the Financial Conduct Authority (FCA) of the United Kingdom, British retail investors will soon be able to purchase crypto exchange-traded notes (cETNs). cETNs must be listed on UK trading platforms approved by the FCA and comply with financial promotion and consumer responsibility rules. While retail users are allowed to use cETNs, they will not be protected by the financial services compensation scheme.

The Financial Conduct Authority of the United Kingdom had previously banned retail investors from accessing crypto ETNs in 2021, citing concerns about investor protection.