Following the UK, France has also relaxed restrictions on retail investors in cryptocurrency ETNs
According to the latest reports from media outlets such as Cryptopolitan, following the proposal by the UK Financial Conduct Authority (FCA), the French Financial Markets Authority (AMF) has also officially announced adjustments to the rules, allowing the sale of specific cryptocurrency investment products to retail investors.
This marks the first time since the ban was implemented in October 2025 that the AMF has reopened compliant trading channels for cryptocurrency index exchange-traded notes (ETNs) for ordinary investors.
The adjustment of the new rules includes two core components: first, allowing retail marketing and sales of qualifying cryptocurrency index exchange-traded notes (ETNs);
second, for products that meet specific qualification requirements in terms of market capitalization, trading volume, and regulatory status of trading platforms, the previous mandatory warning label requirement has been eliminated.
This rule adjustment mainly covers mainstream cryptocurrency assets such as Bitcoin and Ethereum, aiming to lower the entry threshold for compliant products and simplify related investment processes.
Although France is closely following the UK in its regulatory policies for cryptocurrency investment products, industry insiders generally point out that there are still significant differences in retail access rules for cryptocurrencies across European countries, which hinders unified market development.
However, it is fortunate that the market has responded quickly to the relaxation of regulations in the country, for example, the EU's major bank Nordea has recently planned to offer cryptocurrency ETP products to its customers.
Moreover, the French Financial Markets Authority (AMF) is expected to review the effects of this policy change in the first half of 2027. This also means that this rule relaxation is not only a new starting point for market openness but also a regulatory prudent practice that requires long-term observation and dynamic assessment.
In summary, the regulatory agencies of France and the UK have almost simultaneously relaxed restrictions on retail investment in cryptocurrency assets, clearly conveying that major markets in Europe are systematically opening a more regulated and mainstream investment path for ordinary investors.
The core intention of this action is not simply to relax regulations but to gradually integrate cryptocurrency assets into the existing financial regulatory framework, allowing them to develop compliantly on a controlled track.
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