The UK officially lifts the retail ban on cryptocurrency ETNs

ChainCatcher news, according to CoinDesk, the UK's Financial Conduct Authority (FCA) has officially lifted the retail ban on cryptocurrency exchange-traded notes (ETNs).

HM Revenue and Customs has confirmed that cryptocurrency ETNs can be held tax-free in Individual Savings Accounts (ISAs) and registered pension schemes. From April 6, 2026, cryptocurrency ETNs will be reclassified as Innovative Finance ISAs (IFISAs) investment products, but the tax advantages will remain unchanged. The London Stock Exchange has listed multiple cryptocurrency ETNs from issuers such as 21Shares, WisdomTree, and ETC Group, which were previously only available to professional investors. These products must be fully backed by underlying assets held by regulated custodians and cannot use leverage.