U.K.’s FCA moves to allow mutual funds 10% exposure to crypto ETNs
The U.K.’s financial regulator, the Financial Conduct Authority (FCA), proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes (ETNs). The financial regulator made the suggestion for UCITS (“Undertakings for Collective Investment in Transferable Securities”) schemes and some non-UCITS retail schemes (NURS) to invest in crypto ETNs...
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