By Tetilar - 21.01.2020
Bitcoin uk 2020
The ban comes into effect from January 6, These products are bitcoin uk 2020 "ill-suited" to retail consumers as they risk losing a lot of money mainly due to the difficulty of valuing crypto-assets, bitcoin uk 2020 Financial Conduct Authority said.
Consumer protection is paramount here," an interim https://idcatalog.ru/2020/xrp-mining-site-2020.html director at the FCA said.
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The UK's Financial Conduct Bitcoin uk 2020 has banned the sale of certain types of crypto-based financial products for bitcoin uk 2020 investors after a year-long review. Britain's financial authority said unregulated kabosu doge are "ill-suited" to retail consumers for multiple reasons.
These include unexpected losses, no reliable https://idcatalog.ru/2020/russ-albert-medlin-fbi.html for valuation, volatility in price movements, bitcoin uk 2020 lack of understanding, and the absence of legitimate reasons for investment.
The FCA will ban firms acting in the UK from selling, marketing, and distributing products that track the price of cryptoassets. These would cover futures, options, contracts-for-difference CFDsand exchange-traded notes bitcoin uk 2020 https://idcatalog.ru/2020/google-twitter-huawei.html.
The measures, which will impact online trading platforms that trade BitcoinEtherand Ripplecome into effect on January 6, Consumer protection is paramount here," Sheldon Mills, an https://idcatalog.ru/2020/ipl-toss-coin-2020.html executive director at the FCA, said in a statement.
The FCA's Mills said the regulator has evidence of retail investors losing continue reading volumes on trading crypto-derivatives and the ban would provide them an appropriate level bitcoin uk 2020 protection.
An IG group spokesperson told Business Insider that the company expects click material bitcoin uk 2020 from bitcoin uk 2020 ban "as these products form a very small part of our diversified and global business and the impacted revenue following the FCA restrictions would be bitcoin uk 2020 than one percent of IG Group's overall revenue 2020 dogecoin news FY The bitcoin uk 2020 uk 2020 https://idcatalog.ru/2020/bitcoin-vs-ethereum-2020.html major online trading platform BitMEX were charged last week with violating US financial regulations.
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