In light of recent events, the FCA is considering to place a permanent ban on all sales of crypto derivatives to retail investors. In their document entitled “Restricting contract for difference products sold to retail clients”, released on July 1st of this year, the FCA briefly mentions their future plans concerning the issue.
The regulator issued an official press release on July 3rd detailing their intentions. In it, the UK watchdog claims that crypto assets are “ill-suited” for retail investors, most of whom are unaware of the hidden dangers that these instruments hide, mainly their capabilities to quickly deplete bank accounts due to most traders’ incompetence in dealing with them.
The regulator issued an official press release on July 3rd detailing their intentions. In it, the UK watchdog claims that crypto assets are “ill-suited” for retail investors, most of whom are unaware of the hidden dangers that these instruments hide, mainly their capabilities to quickly deplete bank accounts due to most traders’ incompetence in dealing with them.
