UK’s FCA proposes ban on cryptocurrency products

UK’s FCA proposes ban on cryptocurrency products

The UK’s markets regulator has proposed a ban on financial instruments linked to digital cryptocurrencies such as bitcoin. The Financial Conduct Authority (FCA) said products such as derivatives and exchange-traded notes (ETNs) that reference crypto-assets were ’ill-suited’ to retain investors. It cited their ’extreme volatility’.

KCooper
KCooper
Ciaran Quinn
Ciaran Quinn 8 months

Terrified they'll lose their monopoly on currency

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