Jun 9
UK Proposes Limited Retail Fund Exposure to Crypto
➤ The UK's FCA is proposing to allow certain retail funds to allocate up to 10% to crypto products, aiming to bridge a regulatory gap. ➤ This move follows the FCA's earlier decision to permit individual retail investors to trade crypto exchange-traded notes. ➤ The proposal includes conservative caps and requires crypto investments to align with a fund's disclosed objectives and risk profile, acknowledging the speculative nature of cryptoassets.