FCA Eyes Outright Ban on Cryptocurrency CFDs, Report Says

[kreslik.news]

The City watchdog is considering a ban on retail derivatives of cryptocurrencies, including CFDs, futures and options, as part of the UK authorities’ sweeping push to regulate the virtual asset class.

The proposed prohibition was suggested by the recently-established UK government’s crypto assets taskforce which today released its first report. Overall, the report explores the impact, the potential benefits and challenges of cryptoassets, and assesses what regulations are required in response.

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The creation of such taskforce was announced in March, comprising staff from the Treasury, the Bank of England and the ... (read more)