I just saw a pretty important news for investors in the United Kingdom. The FCA finally lifted the ban they had on cryptocurrency ETNs for retail investors. This means we can now buy Bitcoin and Ethereum ETNs through regulated platforms completely legally.

The interesting part is that these ETNs can be held in ISA accounts (savings accounts with tax benefits) and in registered pension accounts. So basically, you have options to invest in crypto with more tax protection.

Since recently, starting in April of this year, HMRC reclassified these cryptocurrency ETNs as investments in innovative financial ISAs. The tax benefits remain the same, but now everything is more clearly regulated.

Many are now wondering about the legality of using different platforms for crypto in the UK. The reality is that as long as you use platforms properly regulated by the FCA, you are operating within the legal framework. This applies both to ETNs and to other forms of cryptocurrency investment.

It’s a positive change for those of us who have been waiting for the regulatory landscape in the UK to become clearer. It’s definitely worth reviewing these options if you are a British investor.