UK Financial Conduct Authority (FCA

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97% of People Consulted by UK Financial Regulator Opposed Crypto Derivatives Ban

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The Financial Conduct Authority (FCA) ban on crypto derivatives sales to retail investors has set tongues wagging. It is no mystery. After a consultation process that closed Oct. 3, 2019, with 97% of participants opposed to the prohibition, the U.K. financial regulator still proceeded to issue the ban, completely disregarding the overwhelming public input. In … Read more

UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69 Million in Losses

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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 … Read more