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

Event date

June 6, 2025

Quotes that support claims

“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,” said David Geale, executive director of payments and digital assets at the FCA.

“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.

“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.

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Week 23 of 2025