The UK’s Financial Conduct Authority has mooted a ban on the sale of crypto-currency derivatives to retail customers, pointing to concerns over the inherent volatility of such contracts and their suitability for the retail segment.
The FCA said it was proposing rules to address the potential harm posed to retail customers from the sale of derivatives and exchange-traded notes (ETNs) priced off certain crypto assets. It claimed such products were “ill-suited” to retail consumers as these investors cannot reliably assess the value and
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