FCA bans sale of crypto-derivatives to retail investors
Ban to save consumers £53m per year
Some 97% of respondents oppose the FCA's proposals in a recent consultation
The Financial Conduct Authority (FCA) has banned the retail sale of crypto-derivatives, amid concerns about valuations, volatility and the prevalence of financial crime in the market.
Following a period of consultation the regulator determined that unregulated transferable cryptoassets of this kind have no inherent value and are poorly understood by retail investors, who have no "legitimate...
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