PANews reported on June 6 that according to CoinDesk, the UK Financial Conduct Authority (FCA) announced that it will lift the ban on retail investors buying cryptocurrency exchange-traded notes (cETNs) to support the growth and competitiveness of the UK digital asset industry. The new regulations require cETNs to be listed and traded on FCA-approved exchanges (RIEs) and to apply existing financial promotion rules to ensure that investors fully understand the risks. David Geale, executive director of payments and digital assets at the FCA, said the move is aimed at balancing risks and market options, but stressed that investors may lose all their funds.

The FCA also maintains a ban on retail trading of cryptocurrency derivatives and will continue to evaluate high-risk investment regulatory policies. Diego Ballon Ossio, partner at Clifford Chance, pointed out that this move is in line with the UK's goal of becoming a crypto-friendly jurisdiction, but the prudent regulatory framework for related assets still needs to be improved.