 
 
The UK’s Monetary Conduct Authority (FCA) has introduced it can elevate the ban on retail entry to crypto exchange-traded notes (cETNs). The change is ready to take impact on eighth October 2025, so retail buyers can commerce these merchandise below stricter client safety measures.
Below the up to date framework, cETNs out there to retail purchasers have to be listed on FCA-approved, UK-based funding exchanges, often called Acknowledged Funding Exchanges (RIEs). These RIEs embrace the London Inventory Alternate and Cboe UK.
That mentioned, the FCA talked about that current monetary promotion guidelines will apply to make sure buyers obtain correct data always.
“Since we restricted retail entry to cETNs, the market has developed, and merchandise have turn into extra mainstream and higher understood,” mentioned David Geale, govt director of funds and digital finance on the FCA. “In gentle of this, we’re offering customers with extra selection, whereas guaranteeing there are protections in place.”
A Step Ahead for the UK’s Crypto Regulation
The FCA’s resolution is a turning level for the UK’s crypto coverage after years of cautious oversight. The company initially imposed the ban in January 2021, citing issues about volatility and investor hurt. Nevertheless, in June 2025, the FCA launched a session on proposals to elevate the restriction.
 
Regardless of the brand new guidelines opening the door for broader participation, the FCA harassed that the Monetary Companies Compensation Scheme (FSCS) won’t cowl cETNs, urging fans to grasp the dangers concerned earlier than investing. Nevertheless, corporations providing these merchandise should adjust to the Shopper Responsibility and act in one of the best curiosity of shoppers.
The FCA additionally famous that its ban on cryptoasset derivatives continues to be in place, and it’ll proceed monitoring high-risk funding merchandise to guard retail individuals. The regulator mentioned this growth varieties a part of its crypto roadmap, which incorporates coverage frameworks for stablecoins and different rising digital belongings.
