The UK's Financial Conduct Authority (FCA) has lifted its 2021 ban on the sale of crypto Exchange-Traded Notes (ETNs) to retail investors, a move seen as a significant step towards establishing the UK as a leader in crypto innovation. This decision, praised by industry leaders, reflects the FCA's effort to balance investor protection with the integration of crypto into traditional finance. In conjunction with this regulatory shift, HM Revenue and Customs (HMRC) has updated its tax policy to allow crypto ETNs to be included in pension schemes starting October 8, 2025, and in Innovative Finance ISAs from April 6, 2026. These changes are expected to enhance the appeal of crypto investments within the UK financial landscape.