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Tuesday

22 October 2019

Traditional Financial Exchanges Oppose UK Crypto Derivatives Ban for Retail Investors

Traditional Financial Exchanges Oppose UK Crypto Derivatives Ban for Retail Investors


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Traditional Financial Exchanges Oppose UK Crypto Derivatives Ban for Retail Investors.

The World Federation of Exchanges (WFE) has asked UK regulator Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors.

In the document, the FCA said retail consumers are not ready to trade derivatives, such as futures and options on crypto exchanges, due to market abuse, financial crime, extreme volatility and a lack of understanding in the new asset class.

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