UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69...

UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69...

The U.K.’s Financial Conduct Authority (FCA) has banned the sale of cryptocurrency derivatives products to retail investors in a move that it says will save the targeted customers £53 million ($68.9 million) in losses each year. The ban comes into effect on January 6, 2021. In a statement on October 6, the regulator declared that the sale, marketing, and distribution of any derivatives including contracts for difference, options, futures, and exchange-traded notes (ETNs) by any local or foreign company operating in the U.K. is banned. The Authority said derivatives based on....


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The UK Bans Crypto Derivatives

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