“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.
Quote
Sources
UK lifts ban on some crypto-linked securities for retail investors
Referenced by
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
Crypto news
Claim
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
Crypto news
Claim
News event