The topic of cryptocurrency in the UK has been confusing, and most of the investors have questioned whether the government has banned the use of digital money. The truth is more nuanced. Although some products, such as crypto ETNs and derivatives,s were only available to retail clients before, there is no full prohibition on the ownership or trading of cryptocurrencies. The government of the UK, the financial regulatory agencies, and the Bank of England are actively formulating regulations to safeguard investors and allow the crypto market to flourish. The present paper examines the existing regulatory environment, names the best crypto…