UK considers lifting retail ban on crypto market exchange-traded products

The UK financial regulator has proposed lifting the ban on retail investors purchasing exchange-traded products related to cryptocurrencies, aiming to enhance competitiveness in response to the recovering US crypto market under Trump's leadership. The UK Financial Conduct Authority (FCA) stated that this change means that exchange-traded notes linked to tokens like Bitcoin and Ether can be sold to retail buyers, as long as they are traded on FCA-approved exchanges. Last year, the regulator allowed such products to be traded on venues like the London Stock Exchange, but only for professional investors. (Jin10)