WFE pushes against FCA's looming crypto derivatives ban

Cryptocurrency bitcoin ether litecoin adobe stock 230x150
By GlobalCapital
07 Oct 2019

The World Federation of Exchanges (WFE) has asked the UK’s Financial Conduct Authority (FCA) to not ban the sale of crypto-based derivatives to retail investors.

The letter responds to an FCA consultation, launched in July, on proposals to ban the sale, marketing and distribution to retail consumers of all derivatives and exchange-traded notes that reference unregulated crypto assets by firms acting in, or from, the UK.

In its response on Monday, WFE claimed ...

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