The UK’s Financial Conduct Authority (FCA) has announced the final rules for a ban on the sale of cryptocurrency derivatives and exchange-traded notes (ETNs) to retail customers, which was first proposed in July 2019.
Announced today, Britain’s financial watchdog said that the ban which is expected to come into effect on January 6th, 2021, would prevent around £53 million ($69 million) a year in losses for retail customers. According to FCA, the crypto derivatives in question are “ill-suited” f
