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UK FCA permits crypto ETNs for UK funds but imposes strict ceiling

The United Kingdom’s Financial Conduct Authority has proposed allowing authorized investment funds to allocate up to 10% of their assets to crypto exchange-traded notes, while keeping direct cryptocurrency ownership off limits. According to the FCA’s 52nd quarterly consultation paper, the…

Source and More information: UK FCA permits crypto ETNs for UK funds but imposes strict ceiling

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UK FCA permits crypto ETNs for UK funds but imposes strict ceiling

The United Kingdom’s Financial Conduct Authority has proposed allowing authorized investment funds to allocate up to 10% of their assets to crypto exchange-traded notes, while keeping direct cryptocurrency ownership off limits. According to the FCA’s 52nd quarterly consultation paper, the…

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