The UK has opened up encryption ETN, and the funding channel is officially open.

The FCA clearly requires that products must be listed on exchanges regulated in the UK.
This means that funds need to come in through "legitimate channels"!

Although ETFs are not open for the time being,
But ETN has already been able to serve the same role as a funding channel -
It does not require you to handle coins, nor do you need to register on an exchange; traditional accounts can directly access encryption assets.

And the UK is the heart of traditional finance.
This wave of release is equivalent to sending a signal of "regulatory easing" throughout the entire European financial market.

Don't forget, the ETF has been fully rolled out over in the US;
Now the UK has loosened ETN again.
This is not a coincidence, but a trend -
Sovereign funds around the world are quietly opening the door to encryption.