The Financial Conduct Authority (FCA) has proposed a ban on the sale, marketing and distribution of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets to retail clients, which it estimates could save consumers up to £234m per year.
Crypto-derivatives, according the FCA, have "no reliable basis for valuation" and high levels of market abuse and crime, while there is also a "lack of a clear investment need for investment products referencing...
Gérald Harlin has been appointed executive chairman
Daunting without ad valorem feees
'Will fulfil our responsibilities'
'Should be forever young'
New manager likely to be appointed