UK regulator wants crypto-derivatives ban to protect ‘ill-suited’ retail investors

UK regulator wants crypto-derivatives ban to protect ‘ill-suited’ retail investors
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-7-3 15:43

The UK‘s Financial Conduct Authority has proposed a ban on cryptocurrency-related investment products to protect retail investors. In an announcement released earlier today, the FCA said that cryptocurrency-based derivatives and exchange traded notes (ETNs) are “ill-suited to retail consumers who cannot reliably assess the value and risks.

” “Most consumers cannot reliably value derivatives based on unregulated cryptoassets,” said Christopher Woolard, Executive Director of Strategy & Competition at the FCA. The FCA added the ban would prohibit the “sale, marketing, and distribution” of “all derivatives,” including “contracts for difference (CFDs), options, futures, and ETNs” that relate to an unregulated transferable cryptoasset,…

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UK’s FCA New Law Prohibiting Sale of Crypto Derivatives to Retail Traders Takes Effect

In October 2020, the FCA introduced a new set of crypto laws to govern the sale of derivatives on these assets, – which have become effective as of January 6th, 2021. According to the law, cryptocurrency service providers are prohibited from selling, marketing, and distributing crypto-related investment products to retail customers given the risk these […] The post UK’s FCA New Law Prohibiting Sale of Crypto Derivatives to Retail Traders Takes Effect first appeared on BitcoinExchangeGuide.

2021-1-8 23:16


UK Financial Conduct Authority Proposes Ban on Sale of Crypto Derivatives to Retail Investors

The FCA outlines rules to prohibit the sale of CFDs and ETNs The UK markets regulator cited no reliable basis for valuation of underlying assets as one of the reasons The UK’s markets regulator, the Financial Conduct Authority (FCA) has proposed a ban on the sale of derivatives and exchange-traded notes (ETNs) related to a […]

2019-7-3 20:10


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