UK FCA crypto derivatives ban ignored 97% of consultation respondents

UK FCA crypto derivatives ban ignored 97% of consultation respondents

The U.K.’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data. Last week’s blanket banning of cryptocurrency derivatives by the United Kingdom’s Financial Conduct Authority ignored 97% of respondents to its consultation, according to the FCA’s own policy statement.The 527 respondents included exchanges and companies involved in crypto assets and derivatives, trade bodies, national competent authorities, legal representatives and individuals.The 97% who opposed the FCA proposed ban argued that crypto assets do have intrinsic value, retail....


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