FCA Finalizes Ban of Crypto Derivatives to Retail Consumers in UK

The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers.

The FCA said it considers these products to be ill-suited for retail consumers due to the harm they pose, asserting these products cannot be reliably valued by retail consumers because of the: 

The FCA estimates that retail consumers will save around £53m from the ban on these products.

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