UK considering blanket ban on crypto derivatives

UK considering blanket ban on crypto derivatives

The UK’s financial watchdog, the Financial Conduct Authority (FCA), is considering putting a blanket ban on cryptocurrency-derivative products. As per the FCA, British crypto investors sustained a loss of about $457 million on crypto-derivatives from mid-2017 to the end of 2018. The watchdog identified two features that can make the loss even more taxing – leverage and high trading costs.

Kathy
Kathy
Indo
Indo 4 months

When the UK gets its feet back firmly on the ground, then it start bossing around again. Till then, shut up or put up.

Nika D
Nika D 4 months

It’s speculative for God’s sake. Stop being so paternalistic UK.

Barry
Barry 4 months

literally every site discussing beginning crypto investing tells you to expect to lose your entire investment. if you put money into something like this that's your fault

Edmond_Dantes
Edmond_Dantes 4 months

Another bump in the road for the Prius of Currencies lol

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