Update (June 6, 2025, 1:20 pm UTC): This article was updated to add a comment by the general manager of Kraken in the United Kingdom, Bivu Das.

The UK’s Financial behavior body (FCA) suggested that its ban on submitting notes in the exchange of encrypted currency (ETNS) to retail investors.

In an advertisement on June 6 shared with cointelegraph, FCA said that the proposed change will allow individual consumers to reach Crypto Etns, provided that they are inserted on the FCA -recognized investment exchange.

“We want to balance our risk approach, and lift the embargo would allow people to choose about whether this investment at risk is appropriate for them, given that they may lose all their money,” said David Gil, Executive Director of Digital Payments and Assets at FCA.

“This step is completely in line with the UK’s ambition to put itself as an advanced judicial authority in the encryption space,” said Diego Balon Osio, a partner at the British Lawyer Corpord Chance Company, adding that “it will not only open the exposure to encryption assets for retailers but it stands as the UK open to encryption.”

“This is a major landmark for the UK’s ecosystem,” Bivu Das, General Manager of the UK, told Cointelegraph. He added:

“The cancellation of the embargo on encryption reflects a welcoming shift by FCA, admitting that the market may have matured significantly and that old restrictions no longer serve the intended purpose.”

Ian Taylor, adviser to the Cryptouk Company, the Corpse of the UK Digital Asset Industry, and CEO of ONSAIN Auditor HT Digital, welcomed the news. “This step will improve consumer protection.”

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FCA hard to work to organize encryption

FCA is currently working on a new repetition of its encryption organizational framework. In late May, the organizer requested general reactions to the proposed regulations for Stablecoins and Cross Currency Custoding.

Continuous efforts are also followed by the recent revelation of the UK Surgery Adviser Rachel Reeves from “a comprehensive regulatory system” aimed at making the country a pioneer in the encryption sector.

Modern reports also indicate the need for such measures, bearing in mind that the UK is leading the world to increase the ownership of the cryptocurrency among its population in 2025, and the superiority of economies including the United States.

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Clean political donations warning legislators in the United Kingdom

During a discussion of the House of Commons on June 5 in June, the Minister of Cabinet Office said that there is a warrant that “it is completely correct that the financing is developing, and the rules that we have to ensure transparency and integrity in the elections must be.” Parliament member Sarah Olni raised concerns about the political parties that accept coding donations:

“Members will notice that some political parties have begun accepting cryptocurrencies – whether I am suggesting that this may be an attempt to avoid transparency requirements for donations.”

The need to make sure has highlighted that “donations that do not come from an allowed source or can be determined must be returned.” Her comments came after the announcement of June 4 from Nigel Faraj, the leader of the United Kingdom Reform Party, who recently announced that the party accepts the contributions of the coded currency from qualified donors.

“[A]”We are the first political party in Britain to accept donations in Bitcoin and other cryptocurrencies,” said Farraj.

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