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21 October 2020

UK FCA crypto derivatives ban ignored 97% of consultation respondents

UK FCA crypto derivatives ban ignored 97% of consultation respondents


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Despite acknowledging that 60% of outcomes from trading crypto-ETNs between June 2015 and April 2019 were profitable, the FCA report deems this period unsuitable for consideration due to its inclusion of Bitcoin’s late-2017 run to its all-time high.

Buyshares.co.uk researcher Justinas Baltrusaitis also points out that during the period from April 2018 until today, an even greater number of investors would have lost money on the FTSE100, which has dropped 20% in value, adding:

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cointelegraph.com
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