Overview

• Retail investors will be limited to crypto ETNs listed on FCA-recognised UK investment exchanges
• Providers must comply with stringent financial promotion rules and meet the FCA’s Consumer Duty requirements
• Crypto ETNs will not be covered by the Financial Services Compensation Scheme, leaving investors exposed to full market risk
• The FCA’s ban on retail trading of crypto derivatives such as futures and options remains in place
• The move aligns with the FCA’s broader digital assets roadmap, which includes forthcoming stablecoin and custody regulations