A Wallet Recovery Phrase, often referred to as a seed phrase, is a series of words that allows users to restore their cryptocurrency wallet. Typically consisting of 12 to 24 random words, this phrase serves as a backup for accessing funds.When setting up a wallet, users are provided with this phrase, which should be written down and kept secure. If a device is lost, stolen, or damaged, the recovery phrase can be used to regain access to the wallet and its contents on a new device.It’s crucial to keep this phrase confidential. If someone else gains access to it, they can steal your funds. Additionally, storing it in a safe physical location, rather than digitally, is recommended to prevent hacks or malware from compromising it.In summary, the Wallet Recovery Phrase is a vital tool for ensuring the safety and accessibility of cryptocurrency holdings. Proper management of this phrase is essential for any user involved in cryptocurrency transactions.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the