UK FCA: Will not oppose the request of exchanges to create a separate listing market for ETNs
The Financial Conduct Authority (FCA) of the United Kingdom has stated that it will not oppose exchanges' requests to create a separate market for Exchange-Traded Notes (ETNs) backed by cryptocurrencies. These ETNs will only be available to professional investors or institutions authorized to operate in financial markets. ETNs are described as unsecured debt securities that track an underlying asset and pay interest irregularly. Upon maturity, ETNs pay cash based on the performance of the relevant security.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The first Bitcoin RICO case challenges the US Department of Justice
Gold bulls flinch as NFP puts Fed hawks back in the driver’s seat
The Date When Ethereum (ETH) Will Become Quantum-Resistant Has Been Set
Matthew Mellon Died Holding $500M In XRP. Here’s What You Need to Know
Crypto prices
More
