NatalieLopez
11 Mar 24
In a significant development, the London Stock Exchange will now allow professional investors to trade in bitcoin and ethereum crypto exchange-traded notes. This move follows the UK's Financial Conduct Authority updating its position on cryptocurrency asset exchange traded notes, signaling a shift i...
In a significant development, the London Stock Exchange will now allow professional investors to trade in bitcoin and ethereum crypto exchange-traded notes. This move follows the UK's Financial Conduct Authority updating its position on cryptocurrency asset exchange traded notes, signaling a shift in the regulatory landscape for these financial securities. The FCA emphasized its belief that crypto derivatives are unsuitable for retail consumers due to the associated risks and lack of regulation, urging potential investors to be prepared for potential financial loss. Additionally, the FCA announced plans to collaborate with government, international partners, and industry stakeholders to develop the UK's cryptoasset regulatory framework.
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