Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives
Shiorshie Galhavan
Market
3 years ago
1 QCP
https://blockchain.news/news/crypto-fund-managers-infuriated-with-uk-watchdog-recent-ban-crypto-derivatives
The UK’s Financial Conduct Authority (FCA) recently imposed a ban on the sale of crypto-related derivatives to retail investors, which included exchange-traded notes (ETN). Last week, the regulator also renewed its warning that anybody investing in cryptocurrencies should welcome the idea that they may potentially lose all their funds.
Crypto managers have responded to the FCA's statement, saying that such warnings, as well as its new ban, were short-sighted. In fact, they believed that the warnings were likely to increase harm to retail investors, and cause wider market demand, with institutional investors reverting to other means to obtain crypto-asset investments.
The UK’s Financial Conduct Authority (FCA) recently imposed a ban on the sale of crypto-related derivatives to retail investors, which included exchange-traded notes (ETN). Last week, the regulator also renewed its warning that anybody investing in cryptocurrencies should welcome the idea that they may potentially lose all their funds.
Crypto managers have responded to the FCA's statement, saying that such warnings, as well as its new ban, were short-sighted. In fact, they believed that the warnings were likely to increase harm to retail investors, and cause wider market demand, with institutional investors reverting to other means to obtain crypto-asset investments.
- Fintech
- Derivates
- UK
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