FCA mulls ban on specific cryptoassets for retail customers
On the 07.04.19 at 7:19AM
UK regulator Financial Conduct Authority (FCA) is considering a ban on crypto-derivatives to retail customers, citing risks such as prevalence of market abuse, unreliable valuation of underlying assets and extreme volatility in crypto-asset price movements. The estimated potential benefit from the ban ranges from £75m to £234.3m annually.
These rules are to address harm to retail consumers caused by sale of derivatives and exchange-traded notes (ETNs), referencing certain types of crypto-assets.