Home UK Looks Increasingly Isolated In Anti-Crypto ETF Stance

UK Looks Increasingly Isolated In Anti-Crypto ETF Stance

Share
Share

UK Looks Increasingly Isolated In Anti-Crypto ETF Stance

The UK is becoming increasingly isolated as one of the few major global markets that refuses to allow retail access to cryptocurrency exchange-traded products, despite the launch of 10 spot bitcoin ETFs on Wall Street. 

The UK’s stance on cryptocurrency is defined by a 2021 ruling by its regulator, the Financial Conduct Authority, which banned the sale of cryptocurrency-related derivatives to retail investors. 

Some industry figures disagree with the FCA’s decision, as it did not intervene in the trading of digital tokens directly via crypto exchanges. This stance contrasts with other financial hubs like Europe, Australia, Brazil, Canada, and the US.

(With inputs from Shikha Singh)

Share

Latest News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel "Pig Butchering" Network
News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel “Pig Butchering” Network

A massive, coordinated international law enforcement operation has struck a blow to the booming cryptocurrency scam industry. Authorities have arrested 276 people...

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions
News

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions

OKX has introduced an open standard for agent-led transactions, rolling out its Agent Payments Protocol (APP) to support full-cycle business activity handled...

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections
News

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections

Roundhill Investments is set to launch the first U.S. exchange-traded funds (ETFs) tied to prediction markets next week, with two other asset...

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal
News

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal

Crypto payments firm MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to launch MoonPay Institutional, a...

Latest Blogs

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by expanding urbanization and increased investments. As it is, the global...

Related Articles

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by...