FCA proposes ban on cryptocurrency products
by Rob Davies from Technology | The Guardian on (#4JDXD)
Financial Conduct Authority says crypto-assets are ill-suited to small investors and very volatile
The UK's markets regulator has proposed a ban on financial instruments linked to digital cryptocurrencies such as bitcoin, warning that such products could cause huge losses for retail consumers unlikely to understand their risks or value.
The Financial Conduct Authority (FCA) said products such as derivatives and exchange-traded notes (ETNs) that reference crypto-assets were "ill-suited" to small investors.
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