英国加密法规：比特币会为散户投资者开放吗？

英国正在重新评估其对加密投资产品的立场，这可能会使零售投资者通过受监管的渠道打开大门，以便访问比特币和其他加密货币。但是ETF是接下来的吗？

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

英国加密法规：比特币会为散户投资者开放吗？

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.

英国的加密景观正在转移！经过一段时间的严格限制，监管机构正在考虑减轻日常投资者获得加密投资的机会。这可能意味着对于英国零售投资者如何与比特币和其他数字资产互动的方式可能意味着重大变化。

FCA Considers Lifting Ban on Crypto ETNs

FCA认为取消对加密货币的禁令

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，金融行为管理局（FCA）禁止零售访问加密交易所交易票据（CETNS）。现在，他们建议取消该禁令。这将使零售投资者能够通过官方交易平台交易CETNS，这些产品是受监管的产品，可通过官方交易平台提供接触比特币和以太坊等加密货币。

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.

这种潜在的转变是全球对加密投资产品Skyrockets的兴趣。美国最近批准了现货比特币ETF，吸引了来自机构和零售买家的数十亿美元投资。英国感到保持步伐的压力。

Industry Voices Push for More

行业声音推动了更多

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.

领先的行业团体Cryptouk欢迎FCA的提议，但认为这只是开始。他们认为，与直接持有加密货币相比，投资者更安全，更熟悉加密ETF（交易所贸易资金）。 ETF减轻自我抑制风险，通常具有较低的费用，并且在传统金融中广泛使用。

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这样的公司回应了这种观点，敦促监管机构超越CETN。限制访问可能会推动投资者进入不受监管的离岸交易所，具有讽刺意味的是，风险增加了。来自Coinbase UK的Keith Grose表示，英国具有“第二搬家”优势，从美国和欧洲的成功模型中学习。但是，延误可能会使英国落后于德国和瑞士等国家，那里的加密ETF零售已经是现实。

What's Next?

接下来是什么？

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目前正在审查是否允许散户投资者访问CETN，并预计很快就有最终规则。关键决定包括扩大比特币和以太坊的扩展，以及将来现场加密ETF的可能性。目前，CETNS可能会为英国储蓄者提供一种受监管的方式，即可在不处理私钥的情况下获得加密货币。但是，监管机构和行业专家强调，风险仍然很高，并且由于波动而造成了全部损失。

Meme Coins and Retail Investors

模因硬币和零售投资者

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.

除了比特币之外，模因硬币市场正在看到散户投资者的新兴趣。 Mog Coin（MOG），Popcat（Popcat）和Dogwifhat（WIF）等硬币通过病毒增长和社区参与而获得了吸引力。这些硬币通常以一分钱的价格交易，为大量回报提供了潜力，但也具有高波动性。对社区驱动的叙述的关注使他们的吸引力放大了，使他们可以访问寻求投机性收益的零售交易者。

A Cautious but Optimistic Future

谨慎但乐观的未来

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.

英国的加密法规方法正在发展。尽管谨慎仍然存在，但增加获得受监管的加密投资产品（例如CETN和ETF）的潜力可能是零售投资者的游戏规则改变者。这是促进创新和保护消费者之间的微妙平衡，但是方向似乎是一个更开放和受监管的加密货币市场。

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!

那么，英国最终会接受加密货币吗？只有时间会证明。但是可以肯定的是：谈话正在升温，在英国，对加密友好的未来的潜力看起来比以往任何时候都更加光明。睁大眼睛 - 这个故事还远远没有结束！