The Financial Conduct Authority issued a notice on Monday saying that it would not object to the creation of a UK-listed market segment for crypto-based exchange-traded notes by recognized exchanges. However, these exchanges must ensure sufficient controls are in place to allow for orderly trading and protection for professional investors alongside meeting all regulatory guidelines for the UK's listing regime. This move comes after the US approved the first spot bitcoin exchange-traded fund.
Ex // Top Stories San Francisco disproves insidious immigration myths They're nothing more than hyperbole from politicians who hope to take advantage of people’s fears for their own advancement The Significance of the New PolicyThe UK’s new policy has far-reaching consequences for the cryptocurrency ecosystem. The London Stock Exchange has already acknowledged the new policy and in a separate statement, has announced that the exchange will accept applications to admit Bitcoin ETNs from this year’s second quarter.
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