The UK’s Financial Conduct Authority (FCA) has lifted the ban on cryptoasset exchange-traded notes (cETNs) on Oct 8. These products, which trade on FCA-approved Recognised Investment Exchanges like the London Stock Exchange, will be subject to strict financial promotion and Consumer Duty rules. The FCA prohibited the sale, marketing, and distribution of derivatives and ETNs referencing unregulated transferable cryptoassets to retail consumers beginning in January 2021. David Geale, FCA executive director ...