The Financial Conduct Authority is proposing to ban the sale, marketing and distribution to retail consumers of all derivatives and exchange traded notes that reference unregulated transferable crypto-assets by firms acting in, or from, the UK: see here. The FCA has also announced that it expects to publish later in the summer its final guidance on the regulation of crypto-assets (the outcome of its consultation (CP19/3) that closed in early April).
Wednesday, 3 July 2019
UK: FCA proposes ban on sale of crypto-asset derivatives
The Financial Conduct Authority is proposing to ban the sale, marketing and distribution to retail consumers of all derivatives and exchange traded notes that reference unregulated transferable crypto-assets by firms acting in, or from, the UK: see here. The FCA has also announced that it expects to publish later in the summer its final guidance on the regulation of crypto-assets (the outcome of its consultation (CP19/3) that closed in early April).
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