online gambling singapore online gambling singapore online slot malaysia online slot malaysia mega888 malaysia slot gacor live casino malaysia online betting malaysia mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 UK Financial Watchdog FCA Bans Crypto Derivatives Trading For Retail Investors

摘要: The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has issued its final rules banning the sale of crypto derivatives and exchange-traded notes (ETNs) that reference certain types of crypto assets to retail consumers.

 

 

According to the press release from the FCA, the ban became necessary as crypto derivative products offered on exchanges are ‘ill-suited for retail consumers due to the harm they pose’.

The dramatic twist came barely 3 months after the Financial Conduct Authority granted Kraken’s subsidiary Kraken Futures the license to conduct its derivatives business in the country. The move by the FCA to ban crypto-based derivatives services also comes after the United States Commodity Futures Trading Commission (CFTC) accused BitMEX of operating an illegal derivatives business, a claim that has sent caution to regulators in other regions including the FCA.

The FCA noted in its remarks:

 

 

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詳見全文Full Text: blockchain.news

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