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The UK has lifted the ban on retail investor crypto ETNs, which may indicate that it is striving to become a Crypto Assets hub.
The UK Financial Conduct Authority has lifted the ban on trading notes for retail investors on encryption trading platforms, allowing operations to proceed at their own risk, positively reflecting market development and improved investor understanding. The ban was implemented in 2021 and will take effect on October 8 after its removal, but trading in crypto derivation remains prohibited.
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