ICYMI - UK regulator wants a ban on cryptocurrency products

Author: Eamonn Sheridan | Category: Cryptocurrency

This from Wednesday in the UK papers.

On the UK's Financial Conduct Authority (FCA) saying derivatives and exchange-traded notes that reference crypto-assets were "ill-suited" to small investors
  • extreme volatility
  • difficulty in valuing them
  • consumers' patchy understanding
  • increased risk of financial crime
Said investors might "suffer harm from sudden and unexpected losses if they invest in these products".

Pretty much the same for any financial products you don't understand, but I guess the FCA have a point saying crypto products are worse due to the extreme volatility yeah.

 Meanwhile, BTC in Asia today has added on to its recent rally:

This from Wednesday in the UK papers.


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