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UK's FCA Opens Doors for Crypto ETNs on Recognised Exchanges, Targeting Professional Investors Only
UK's Financial Conduct Authority (FCA) allows crypto-backed exchange-traded notes (ETNs) on recognised investment exchanges.
Crypto ETNs will be exclusive to professional investors, including authorized investment firms and credit institutions.
FCA emphasizes the risks associated with crypto ETNs for retail investors, maintaining a ban for this group.
Exchanges are required to ensure orderly trading and adequate investor protection.
London Stock Exchange set to accept applications for bitcoin and ether ETNs starting Q2 this year.
Despite opening to professional investors, FCA reiterates that cryptoassets are high risk and largely unregulated.
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
Crypto ETNs will be exclusive to professional investors, including authorized investment firms and credit institutions.
FCA emphasizes the risks associated with crypto ETNs for retail investors, maintaining a ban for this group.
Exchanges are required to ensure orderly trading and adequate investor protection.
London Stock Exchange set to accept applications for bitcoin and ether ETNs starting Q2 this year.
Despite opening to professional investors, FCA reiterates that cryptoassets are high risk and largely unregulated.
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
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