Mr Arham

07/14 13:57

Best Crypto to Buy Now as the UK Lifts Ban on Cryp

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 Crypto For those unaware, an ETN is a debt security instrument offered by recognized entities. Its value is tied to an underlying asset, which, in the case of crypto, is a specific coin. As the price of the underlying asset goes up, ..

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