📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
FCA proposes to lift the ban on cryptocurrency ETNs for retail investors
The UK's Financial Conduct Authority (FCA) has just proposed lifting the ban on offering exchange-traded note products (ETN) related to cryptocurrencies to retail investors. If approved, individual investors in the UK will be able to access cryptocurrency ETNs traded on an approved exchange.
The FCA asserts that the usual financial promotion regulations will apply, ensuring that users are provided with adequate information about risks and are not encouraged to invest through inappropriate incentives. Mr. David Geale, the executive director responsible for payments and digital finance at the FCA, stated that the lifting of the ban aims to rebalance the risk approach and create opportunities for the public to make their own decisions to invest in high-risk products.
The ban has been in effect since January 2021, when the FCA believed that retail investors had no legitimate demand for these products. However, after more than 4 years, the FCA has found that lifting the ban would promote growth and enhance the competitiveness of the UK's crypto industry. The ban on crypto derivatives for retail investors will still continue to be enforced.