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Tag Archives: Financial Conduct Authority

UK – Financial Conduct Authority bans retail cryptocurrency trading from 2021

The Financial Conduct Authority (FCA) has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers. The ban will come into effect on 6 January 2021. The FCA considers these products to be ill-suited for retail consumers due to the harm they pose…