Best Crypto to Buy Now as the UK Lifts Ban on Crypto ETNs for Retail Investors
The Financial Conduct Authority (FCA) of the UK is all set to lift its ban on cryptocurrency exchange-traded notes (ETNs) for retail investors. The FCA had banned ETNs in January 2021, citing their volatility and complexity for retail investors. However, because we’re seeing increasing warmth towards cryptocurrency across the globe, the UK doesn’t want to be left behind. Keep reading to find out more about the UK’s decision regarding ETNs, how the US also has major pro-crypto legislation in the works, and what the best crypto to buy now is in light of these developments. UK & UK Embrace....
Related News
CoinShares' pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers.The decision comes almost exactly one year after the regulator first proposed banning these products. In a statement released by the FCA, the regulators claim that cryptocurrency derivatives are “ill-suited for retail consumers due to the harm they....
The FCA covered everything it could with the ban, CoinShares' Townsend Lansing says. Following the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cointelegraph.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying asset and are instead a way of tracking the returns of a particular index. When they mature, holders pay or receive the difference between....
Bulgarians can now invest in crypto assets through their country’s stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products. Crypto-Based ETNs Offered to Bulgarian Investors Bulgarian Stock Exchange (BSE) has started trading crypto instruments tracking the price rates of bitcoin (BTC) and ethereum (ETH). “Investors looking for suitable innovative crypto products may now freely trade in eight crypto exchange-traded notes....
Three new crypto ETNs are now live on Deutsche Boerse, following previous ETN listings on BTC, ETH, BCH and LTC. German stock market operator Deutsche Boerse continues diving into the cryptocurrency derivatives by listing three new crypto exchange-traded notes (ETNs) by VanEck.Deutsche Boerse officially announced on Sept. 21 that VanEck’s new ETNs on Polkadot (DOT), Solana (SOL) and Tron (TRX) are now tradable on its digital stock exchange Xetra and the Frankfurt Stock Exchange.The new listings expand Deutsche Boerse’s crypto ETN offerings as the company previously started offering similar....
During the price gains over the last several weeks, the focus has been on the big bitcoin exchanges, particularly the Chinese exchanges that are trading at a premium to U. S. exchanges. That being said, the two publicly traded vehicles that offer investors exposure to bitcoin have also been seeing considerable volume. XBT Provider manages Bitcoin Tracker One and Bitcoin Tracker Euro, which are exchange-traded notes (ETNs) that allow people to buy exposure to bitcoin on public markets such as Nasdaq OMX Stockholm. Because of this, the ETNs offer investors worldwide the opportunity to invest....