UK: FCA plans to ban cryptographic derivatives for individuals – Cryptonaute

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The Financial Conduct Authority (FCA), the equivalent of the AMF in the United Kingdom, would like the financial derivatives based on cryptomonnaies are no longer offered to retail investors.

In a publication published on its website, the FCA explained its decision by the fact that such financial instruments could cause significant harm to small investors.

The organ of regulation and British surveillance believes that a prohibition for the special could prevent between 84 million and 271 million euros in losses each year.

The relevant derivatives are the CFD (difference contract) – like the future (futures) and the binary options -, and the AND N (exchange traded notes, or "exchange-traded notes").

"Most consumers can not reliably evaluate unregulated derivatives based on cryptoactives. Prices are extremely volatile and, as we have seen around the world, the financial crime in these markets can lead to sudden and unexpected losses, "said Christopher Woolard, Executive Director at FCA.

Pending the results of future consultations on this potential ban, the FCA has already limited leverage to 2: 1 for the CFDs offered to individuals and based on digital assets such as Bitcoin.

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .

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