The FCA has warned investors of the risks associated with investing in cryptoassets. Their article references potential dangers, including the lack of protection for consumers and the price volatility of cryptoassets. "Prepare to Lose All Your Money" Great Britain's Financial Conduct Authority (...
The Financial Conduct Authority said investors in cryptocurrency products offering high returns should be prepared to lose "all their money."
The Financial Conduct Authority ban on the sale of derivatives and exchange- traded notes was passed in October.
The FCA announced a ban on the sale and distribution of crypto-related investment products for retail investors in October 2020.
There had been fears in the industry that crypto firms might be left in no man's land as the FCA deadline looked set to pass with many applications still waiting to be processed.
The companies which have applied for recognition can offer their services till July 9, 2021.
CoinShares said the ban will only drive UK retail investors to unregulated crypto exchanges that offer far fewer protections.
The Financial Conduct Authority (FCA), the UK's financial regulator, has banned the sale of crypto derivatives and...
In summary: The FCA has banned crypto derivatives and exchange-traded notes (ETN) for retail customers According to the FCA, the move is aimed at protecting retail investors The ban comes into effect 6th January 2021 Bitcoin and the crypto-verse were briefly rattled by the news but BTC has continued to hold the $10,660 price area Another global regulatory body has tightened its grip...
In a massive blow to the cryptocurrency derivatives market, the Financial Conduct Authority [FCA] has announced that it has published the final rules to ban the sale of derivatives and exchange-traded notes [ETNs] that reference certain types of crypto-assets to retail consumers. With this, the UK-based companies will no longer be able to offer cryptocurrency derivatives products The post UK Regulators Ban Crypto...
The ban will come into effect on January 6, 2021.
Cryptenix is a trading name of Finplex Group LTD, which claims to be based in Limassol Cyprus
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