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On June 6, the United Kingdom's Financial Conduct Authority (FCA) announced that it will lift the ban on retail investors investing in cryptocurrency Exchange Traded Notes (ETNs). This decision aims to bolster the growth and competitiveness of the UK's digital asset industry, positioning it more closely with global digital asset hubs like the United States. The updated regulations stipulate that ETNs must be listed and traded on exchanges approved by the FCA, and must adhere to existing financial promotion rules to ensure investors are fully apprised of associated risks. Notably, the FCA has maintained its prohibition on retail trading of cryptocurrency derivatives. This development signals a notable shift in the UK's approach to regulating digital assets.
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