London Stock Exchange Adopts Bitcoin ETNs for Trading

By
Nikolai Petrovich Novikov
1 min read

After years of regulatory hesitancy, the London Stock Exchange has announced that it will now accept applications for Bitcoin ETN trading admissions. This move marks a critical step towards rectifying the UK’s cautiousness in embracing bitcoin, especially as we enter a bitcoin bull run. The UK, home to the world's oldest financial center, has lagged behind much of the rest of the world in embracing bitcoin partly due to the Financial Conduct Authority's strict regulations. Despite this positive sign, it's important to distinguish between ETNs and ETFs. UK investors face tangible consequences from the FCA's stringent regulations, which curtailed individual financial opportunities and added to the feeling of lost shared wealth growth. The UK's willingness to embrace Bitcoin ETNs signals a shift in its regulatory stance towards bitcoin, offering hope to investors. However, this move also arrives amidst scrutiny of the FCA’s past decisions. While this marks an important shift, the path ahead requires continued dialogue between regulators, investors, and industry stakeholders to ensure that the UK can reclaim its position as a leading financial hub, this time in the digital age.

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