Following yesterday’s news from the FCA that it will allow Crypto ETNs, Tim Bevan, CEO of ETC Group, is sharing the below comment.
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Tim Bevan, CEO of ETC Group
ETC Group is a leading provider of crypto asset ETPs in Europe, with Bitcoin and Ethereum ETPs listed in Germany and France.
Tim Bevan, CE of ETC Group, commented, “Whilst we welcome the FCA allowing LSE to set up a new segment for crypto ETPs, it is disappointing that retail investors are still precluded from participation in securities traded on regulated markets issued through an authorised prospectus when no such restriction applies to opening a direct crypto account.
“If UK regulations permitted retail investors to invest in crypto ETPs, via regulated markets, this would bring the UK in line with much of Europe and allow those retail investors to take advantage of the built-in security that established exchanges provide. It would also help advance the claim of the UK to be a global leader in fintech.”
Source : ETFWorld.co.uk
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