UK lets professional investors trade cryptocurrency assets

The Financial Times reports that only experienced investors will be permitted to transact using exchange-traded notes, or ETNs, in the cryptocurrency space.

Notably, the watchdog issued a warning, stating that these instruments are "ill-suited for private investors because of the risks they carry."

"The FCA keeps reminding us that, in general, cryptoassets are unregulated and quite risky," added the regulator. "Those who invest in them should be prepared to lose their entire investment."

source: ft.com