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)
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