The FCA’s consultation on allowing retail access to crypto exchange-traded notes (ETNs) reflects UK efforts to balance investor protection with innovation and plays well with it’s goal for crypto leadership

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The FCA’s new consultation on allowing retail access to crypto exchange-traded notes (ETNs) is part of its broader quarterly consultation and reflects a wider push to balance investor protection with innovation

While those measures aim to ease compliance burdens for traditional financial services, the crypto ETN proposal aligns more directly with the UK Treasury’s ambition to position the country as a global hub for digital asset innovation.

“We want to rebalance our approach to risk and lifting the ban would allow people to make the choice on whether such a high-risk investment is right for them given they could lose all their money,” he added.

"This development is fully aligned with the U.K.'s ambition to position itself as a sophisticated jurisdiction in the crypto space,” said Diego Ballon Ossio, Partner at Clifford Chance via email.