The UK’s long-awaited reopening of crypto exchange-traded notes (ETNs) stumbled out of the gate on Wednesday, as the Financial Conduct Authority’s (FCA) formal lifting of its ban failed to translate into immediate access for retail investors — sparking fresh criticism of Britain’s slow-moving regulatory machinery. The FCA’s decision opens a narrow but notable path for retail access to digital asset-linked investment products—provided they are traded on UK-recognised exchanges and comply with strict promotion rules. The move reflects a significant recalibration in the regulator’s stance on crypto exposure. The FCA ... (full story)