the UK Financial Conduct Authority has lifted the ban on the issuance of crypto exchange-traded notes (cETNs) to retail investors, a move welcomed by industry leaders as a step towards aligning the UK with the global cryptocurrency market and solidifying its position as a digital asset hub.

Last Friday, the Financial Conduct Authority (FCA) revoked the ban on retail investors accessing cETNs, with the regulatory change set to take effect on October 8th. The ban was implemented in January 2021, citing extreme market volatility and a "lack of legitimate investment demand."

The lifting of the cETN ban reflects a shift in the regulatory approach to crypto assets. FCA executives stated in a release that this decision reflects the evolution of the market and a deeper understanding of crypto-related products by the public.