UK regulator bans sale of crypto-derivatives to retail consumers - Silicon Canals

"Eddy Travia, CEO & co-founder of London-listed Coinsilium Group Limited tells Silicon Canals, “This is effectively a ban of a very specific type of financial instrument; crypto-derivatives or ETNs (Exchange Traded Notes) are very much fringe products in the global cryptocurrency space, though there is no doubt that interest from retail investors, particularly in the UK, has been growing rapidly over the last few years.”

“From a regulatory perspective, derivatives of any kind are considered the domain of experienced or sophisticated investors, so in that respect it shouldn’t come as a surprise that the FCA should choose to take this action; particularly in light of the significant hurdles larger would-be ETF providers have been faced with in trying to launch their regulated products in other markets, most notably in the US,” he adds."

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