Image:
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...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
