The post UK Lifts Crypto Ban — Will London Become Europe’s Bitcoin Hub? appeared on BitcoinEthereumNews.com.

The United Kingdom has taken a step towards turning into Europe’s digital assets hub, announcing the lifting of a decades-long ban on retail access to crypto exchange-traded notes (ETNs) and ETFs. FCA to lift ban on crypto ETNs. Source: fca.org.uk On June 6, the Financial Conduct Authority (FCA) confirmed that it will allow individual investors to buy these sanctioned crypto products, previously only open to professionals on sanctioned investment exchanges like the London Stock Exchange. The policy shift, overturning a ban that’s been on the books since 2019, forms part of a broader post-Brexit strategy to boost competitiveness and attract fintech innovation. Crypto ETNs and ETFs tracking the value of assets like Bitcoin and Ethereum will be available to retail buyers if they’re traded on FCA-listed venues and in accordance with strict financial promotion and risk disclosure rules. Despite this, the retail crypto derivatives ban continues to stand, mirroring concerns regarding volatility and consumer protection in the marketplace. David Geale, the FCA’s executive director of payments and digital assets, was keen to note the regulator’s new stance: “We want to rebalance our approach to risk, and lifting the ban would allow people to make their own decision on whether such a high-risk investment was right for them, in the context of the fact that they might lose all their money.” The industry leaders welcomed the move as a signal that Britain is “open for crypto,” with Bivu Das of Kraken UK labelling it a “major milestone” and a sign that old restrictions no longer serve their function. The new products that have been authorized are crypto ETNs and ETFs on Bitcoin, Ethereum, and other major tokens, under FCA standards and being traded on authorized exchanges. Crypto ownership percentage in the US, UK, France, Singapore, Italy and Australia. Source: Gemini This…

---

Filed under: News - @ June 9, 2025 4:28 pm