The London Stock Exchange will admit applications for Ethereum and Bitcoin exchange traded notes in the second quarter of this year, following the Financial Conduct Authority’s change of stance.
This morning (11 March), the regulator said it had shifted its position on cryptoasset exchange-traded notes (cETNs), stating it "will not object" if one of the UK's six recognised investment exchanges requests to create a listed market segment for the products. In a statement, the exchange said: "Given the guidance and views published by the FCA in respect of cryptoassets, the exchange considers that the admission of certain securities representing cryptoassets may be detrimental to the reputation and integrity of the exchange's markets and/or the exchange." FCA to allow professional...
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