FCA opens retail access to crypto ETNs from 8 Oct 2025 with stricter safeguards, while complex crypto derivatives remain banned to prevent misuse and protect consumers

Under the new rules effective from 8 October 2025, retail investors will be able to access ETNs but only those listed on FCA-approved, UK-based Recognised Investment Exchanges. The decision reflects the FCA’s recognition that the crypto market has matured, with products becoming more mainstream and better understood. To mitigate risks, the FCA has introduced enhanced oversight measures, including strict financial promotion…