Huh? Trading 212 initially sold cryptocurrency ETNs without properly meeting FCA requirements? When regulations were relaxed last October, other companies had already prepared everything, but it seems this company moved late. It's pretty surprising that they only applied for a license after being contacted by the FCA regulator. Although they recently registered as meeting FCA conditions, it might be a bit confusing for their competitors. Places like Interactive Investor or Fidelity have already met all the necessary conditions since the ban was lifted. Anyway, since there's a forecast that cryptocurrency ETNs could expand the UK market by 20%, this could ultimately be good news for the market. I didn't realize FCA requirements were this strict.