FCA To Ban Cryptocurrency Derivatives Brokers From Targeting Retail Traders
Online trading platforms offering
The FCA yesterday stated that it will propose a blanket prohibition on the sale, marketing and distribution of
The FCA believes that allowing the continued retail offering of
New rules set out by the European Securities and Markets Authority mean CFDs and other derivatives brokers are now obliged to publish details on the number of their retail accounts that
A perfect example is how Bitcoin’s value leapt by nearly $8000 between early May and late June on news Facebook plans to launch its own
Christopher Woolard, the FCA’s executive director for strategy and competition, stated:
“Most consumers cannot reliably value derivatives based on unregulated
The news will come as a blow to CFDs brokers, many of whom have seen their profits boosted significantly in recent years as a direct result of retail trading of
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