英國加密法規：比特幣會為散戶投資者開放嗎？

英國正在重新評估其對加密投資產品的立場，這可能會使零售投資者通過受監管的渠道打開大門，以便訪問比特幣和其他加密貨幣。但是ETF是接下來的嗎？

UK Crypto Regulation: Will Bitcoin Access Open Up for Retail Investors?

英國加密法規：比特幣會為散戶投資者開放嗎？

The UK's crypto landscape is shifting! After a period of tight restrictions, regulators are considering easing access to crypto investments for everyday investors. This could mean big changes for how retail investors in the UK engage with Bitcoin and other digital assets.

英國的加密景觀正在轉移！經過一段時間的嚴格限制，監管機構正在考慮減輕日常投資者獲得加密投資的機會。這可能意味著對於英國零售投資者如何與比特幣和其他數字資產互動的方式可能意味著重大變化。

FCA Considers Lifting Ban on Crypto ETNs

FCA認為取消對加密貨幣的禁令

Back in 2020, the Financial Conduct Authority (FCA) put a ban on retail access to crypto exchange-traded notes (cETNs). Now, they're proposing to lift that ban. This would allow retail investors to trade cETNs, which are regulated products offering exposure to cryptocurrencies like Bitcoin and Ethereum, through official trading platforms.

早在2020年，金融行為管理局（FCA）禁止零售訪問加密交易所交易票據（CETNS）。現在，他們建議取消該禁令。這將使零售投資者能夠通過官方交易平台交易CETNS，這些產品是受監管的產品，可通過官方交易平台提供接觸比特幣和以太坊等加密貨幣。

This potential shift comes as global interest in crypto investment products skyrockets. The US recently approved spot Bitcoin ETFs, attracting billions in investments from both institutional and retail buyers. The UK is feeling the pressure to keep pace.

這種潛在的轉變是全球對加密投資產品Skyrockets的興趣。美國最近批准了現貨比特幣ETF，吸引了來自機構和零售買家的數十億美元投資。英國感到保持步伐的壓力。

Industry Voices Push for More

行業聲音推動了更多

CryptoUK, a leading industry group, welcomes the FCA’s proposal but argues it's just the beginning. They believe crypto ETFs (exchange-traded funds) are even safer and more familiar for investors compared to directly holding crypto. ETFs mitigate self-custody risks, often have lower fees, and are widely used in traditional finance.

領先的行業團體Cryptouk歡迎FCA的提議，但認為這只是開始。他們認為，與直接持有加密貨幣相比，投資者更安全，更熟悉加密ETF（交易所貿易資金）。 ETF減輕自我抑制風險，通常具有較低的費用，並且在傳統金融中廣泛使用。

Firms like 21Shares and Coinbase UK echo this sentiment, urging regulators to go beyond cETNs. Limiting access could push investors toward unregulated offshore exchanges, ironically increasing risk. Keith Grose from Coinbase UK suggests the UK has a “second mover” advantage, learning from successful models in the US and Europe. However, delays could leave the UK behind countries like Germany and Switzerland, where retail access to crypto ETFs is already a reality.

像21shares和Coinbase UK這樣的公司回應了這種觀點，敦促監管機構超越CETN。限制訪問可能會推動投資者進入不受監管的離岸交易所，具有諷刺意味的是，風險增加了。來自Coinbase UK的Keith Grose表示，英國具有“第二搬家”優勢，從美國和歐洲的成功模型中學習。但是，延誤可能會使英國落後於德國和瑞士等國家，那裡的加密ETF零售已經是現實。

What's Next?

接下來是什麼？

The FCA is currently reviewing whether to allow retail investors access to cETNs, with final rules expected soon. Key decisions include expanding beyond Bitcoin and Ethereum, and the possibility of spot crypto ETFs in the future. For now, cETNs may offer a regulated way for UK savers to gain crypto exposure without handling private keys. However, regulators and industry experts emphasize that risks remain high, with potential for full losses due to volatility.

FCA目前正在審查是否允許散戶投資者訪問CETN，並預計很快就有最終規則。關鍵決定包括擴大比特幣和以太坊的擴展，以及將來現場加密ETF的可能性。目前，CETNS可能會為英國儲蓄者提供一種受監管的方式，即可在不處理私鑰的情況下獲得加密貨幣。但是，監管機構和行業專家強調，風險仍然很高，並且由於波動而造成了全部損失。

Meme Coins and Retail Investors

模因硬幣和零售投資者

Beyond Bitcoin, the meme coin market is seeing renewed interest from retail investors. Coins like Mog Coin (MOG), Popcat (POPCAT), and Dogwifhat (WIF) are gaining traction through viral growth and community engagement. These coins, often trading under a penny, offer the potential for significant returns, but also come with high volatility. The focus on community-driven narratives has amplified their appeal, making them accessible entry points for retail traders seeking speculative gains.

除了比特幣之外，模因硬幣市場正在看到散戶投資者的新興趣。 Mog Coin（MOG），Popcat（Popcat）和Dogwifhat（WIF）等硬幣通過病毒增長和社區參與而獲得了吸引力。這些硬幣通常以一分錢的價格交易，為大量回報提供了潛力，但也具有高波動性。對社區驅動的敘述的關注使他們的吸引力放大了，使他們可以訪問尋求投機性收益的零售交易者。

A Cautious but Optimistic Future

謹慎但樂觀的未來

The UK's approach to crypto regulation is evolving. While caution remains, the potential for increased access to regulated crypto investment products like cETNs and ETFs could be a game-changer for retail investors. It's a delicate balance between fostering innovation and protecting consumers, but the direction seems to be towards a more open and regulated crypto market.

英國的加密法規方法正在發展。儘管謹慎仍然存在，但增加獲得受監管的加密投資產品（例如CETN和ETF）的潛力可能是零售投資者的遊戲規則改變者。這是促進創新和保護消費者之間的微妙平衡，但是方向似乎是一個更開放和受監管的加密貨幣市場。

So, will the UK finally embrace crypto? Only time will tell. But one thing's for sure: the conversation is heating up, and the potential for a crypto-friendly future in the UK is looking brighter than ever. Keep your eyes peeled – this story is far from over!

那麼，英國最終會接受加密貨幣嗎？只有時間會證明。但是可以肯定的是：談話正在升溫，在英國，對加密友好的未來的潛力看起來比以往任何時候都更加光明。睜大眼睛 - 這個故事還遠遠沒有結束！