Financial services firms will soon be able to offer retail consumers access to crypto exchange traded notes (cETNs), under changes announced by the FCA.

Two individuals have been sentenced to a combined 12 years in jail for their roles in a £1.5m crypto fraud.

The FCA plans to lift its four year ban on offering high-risk crypto exchange traded notes (cETNs) to retail investors.

The FCA is seeking views on the future regulation of specific cryptoasset activities, ahead of legislation to bring them within regulation.

The Government has published draft legislation for bringing crypto assets into the regulatory perimeter.

A 46-year-old man, Olumide Osunkoya, has been jailed at Southwark Crown Court today for four years for running illegal crypto ATM activity said to be worth over £2.5m.

The FCA has issued warnings over five unauthorised crypto asset, forex and CFD firms operating in the UK without any permissions from the regulator.

The FCA has charged the first individual with running a network of illegal crypto ATMs.