Re: Bitcoin news
Posted: Sat Nov 03, 2018 1:03 am
The Financial Conduct Authority (FCA) considers banning altogether the sale of crypto derivatives such as CFDs on Bitcoin to retail clients, reveals the Cryptoasset Taskforce report published on Monday.
This is a report on the UK’s policy and regulatory approach to crypto assets, drafted by the HM Treasury, the Bank of England and the FCA. Whilst the Taskforce Report recognizes that cryptoassets have the potential to bring benefits to markets, companies and retail investors, there are a number of different considerable risks associated with these financial products.
In order to mitigate these risks, the Taskforce has committed to a number of actions, including consulting on a potential ban of the sale of derivatives referencing certain types of crypto assets (including CFDs, options, futures and transferable securities) to retail consumers.
This is a report on the UK’s policy and regulatory approach to crypto assets, drafted by the HM Treasury, the Bank of England and the FCA. Whilst the Taskforce Report recognizes that cryptoassets have the potential to bring benefits to markets, companies and retail investors, there are a number of different considerable risks associated with these financial products.
In order to mitigate these risks, the Taskforce has committed to a number of actions, including consulting on a potential ban of the sale of derivatives referencing certain types of crypto assets (including CFDs, options, futures and transferable securities) to retail consumers.