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UK to End Ban on Retail Investors Purchasing Crypto Traded Notes
On June 6, 2025, the UK’s Financial Conduct Authority announced plans to remove the prohibition that prevents retail investors from purchasing cryptocurrency exchange-traded notes .
The FCA launched this proposal after previously restricting crypto ETNs to professional investors due to risks and harm posed to inexperienced consumers.
The consultation highlights that crypto ETNs must trade on FCA-recognized investment exchanges and financial promotion rules will ensure clear risk communication to consumers.
Executive director David Geale stated that removing the ban would enable individuals to decide for themselves if they want to engage in such a risky investment, fully aware that they might lose all their funds.
This move signals the UK’s ambition to support crypto market growth while maintaining risk awareness, though access to crypto derivatives remains restricted for retail investors.