European regulatory linkage: Following the UK, France has also relaxed restrictions on retail investment in cryptocurrency ETNs

According to the latest reports from Cryptopolitan and other media outlets, following the UK's Financial Conduct Authority (FCA) proposal, the French Financial Markets Authority (AMF) has also officially announced adjustments to the rules to allow the sale of specific crypto investment products to retail investors.

This is the first time since the ban was implemented in October 2025 that the AMF has reopened access to compliant crypto asset index exchange-traded notes (ETNs) for ordinary investors.

The adjustment of the new regulations includes two core contents: first, it allows retail marketing and sales of eligible crypto asset index exchange-traded notes (ETNs);

Secondly, for products that meet specific qualification requirements in terms of market capitalization, trading volume and regulatory status of trading platforms, the previous mandatory warning label requirements will be lifted.

The rule adjustment mainly covers mainstream crypto assets such as Bitcoin and Ethereum, with the goal of lowering the entry threshold for compliant products and simplifying the relevant investment process.

Although France has followed the UK's policy of regulating crypto asset investment products, the industry generally points out that there are still significant differences in retail access rules for cryptocurrencies in European countries, which also hinders the unified development of the market.

Thankfully, however, the market has also responded quickly to the country's regulatory relaxation, such as Nordea, a major European bank, which has recently planned to offer crypto ETP products to its customers.

Not only that, the French Financial Market Authority (AMF) is expected to review the effect of this policy change in the first half of 2027. This also means that this relaxation of rules is not only a new starting point for market opening, but also a regulatory prudence practice that requires long-term observation and dynamic evaluation.

To sum up, regulators in France and the UK have relaxed restrictions on retail investment in crypto assets almost simultaneously, clearly conveying that major European markets are systematically opening up a more standardized and mainstream crypto asset investment path for ordinary investors.

The core intention of this action is not simply deregulation, but to gradually integrate crypto assets into the existing financial regulatory framework in Europe, allowing them to develop compliantly on a controlled track.

#AMF #ETN