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The UK will lift the retail ban on encryption ETNs next week, which are debt securities linked to encryption assets.
ChainCatcher news, the UK Financial Conduct Authority (FCA) announced that it will lift the ban on retail investors purchasing encryption exchange-traded notes (ETNs) starting next week, provided that the relevant products are listed and traded on FCA-approved local investment exchanges in the UK. Unlike ETFs, ETNs are debt securities linked to encryption assets and are not backed by physical assets. It is worth noting that the FCA has not simultaneously lifted the retail ban on encryption ETFs or derivation.