The United Kingdom’s Financial Behavior Authority (FCA) proposes to lift the prohibition of providing cetns to retail investors. Similar products are already available in other countries.
This would mean that Cetn could be sold to individual consumers, and not just professional investors, in the United Kingdom, if they are traded in an FCA -approved investment exchange (recognized exchange of investment or Rie).
Economic promotion rules will apply, so consumers receive information about the risks and will not be offered inadequate incentives for investment, in the same way as they bought encryption immediately.
This is the latest development, as FCA continues to create a Crypto regulatory framework. The regulator has described the encryption map map and recently published proposals on Stablecoins as well as other aspects of the regime.
The ban on FCA for retail access to Cryptoasset derivatives will remain in effect. The regulatory authority says it will continue to monitor market developments and examine its approach to high -risk investment.
The announcement comes in parallel with other proposals described in a quarterly FCA consultation document to further reduce business burdens and support economic growth:
- Simplifying reports of reports on the value of the value of the funds, following the feedback of the consumer duty for entry, which will lead to significant cost savings for 149 companies managed by more than 3900 chapters.
- Removing more unnecessary data references, which will benefit almost all businesses.