UK crypto community reacts as FCA derivatives ban goes into effect
The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force. On Wednesday, the decision by the United Kingdom's Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect.The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At the time, the FCA argued that crypto derivatives were ill-suited to retail investors who were at risk of incurring significant losses.Commenting on the decision as the ban went into effect on Wednesday,....
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The crypto industry reacts to a big move from the United Kingdom's Financial Conduct Authority, which banned crypto derivatives.
The Financial Conduct Authority ban on the sale of derivatives and exchange-traded notes was passed in October.
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