“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,” Geale said in a statement.
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UK Regulator FCA to Lift Ban on Crypto ETNs for Retail Investors
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FCA executive director David Geale, referring to the proposal to lift the ban on retail investments in crypto exchange-traded notes (ETNs), stated that the move is about rebalancing the approach to risk and empowering consumers to assess whether high-risk investments are suitable for them
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