Britain’s FCA Mulling Retail Ban on Crypto Derivatives to Protect Investors

2019-10-4 01:00

The Financial Conduct Authority (FCA), Britain’s top financial regulator, has just concluded a consultation on crypto asset derivatives products. It believes that amateur traders using the products have little awareness of the risks involved.

The FCA is considering a blanket ban on retail investors trading the products. The final decision is expected in early 2020. . . .

The post Britain’s FCA Mulling Retail Ban on Crypto Derivatives to Protect Investors appeared first on NewsBTC.

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Why is the UK thinking of banning crypto derivatives?

Britain’s foremost financial watchdog, the Financial Conduct Authority, is contemplating a blanket-ban on cryptocurrency derivatives for retail traders as early as 2020, The Economist reported. The meeting comes on the heels of a statement released in early July by the FCA proposing a ban on crypto derivatives—high-risk assets where “retail consumers might suffer harm from […] The post Why is the UK thinking of banning crypto derivatives? appeared first on CryptoSlate.

2019-10-4 12:02