Latest: UK regulator bans the sale of crypto ETNs to retail consumers

The UK FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of crypto-assets to retail consumers. The UK watchdog considers these products to be unsuitable for retail consumers due to the harm they pose. According to the FCA, these products cannot be reliably valued by retail consumers because of the inherent nature of the underlying assets, which means they have no reliable basis for valuation; the prevalence of marke