Cryptocurrency-based derivatives are about to come under fire by one of the most significant regulating bodies: the UK's Financial Conduct Authority (FCA). Bitstocks Relationship Managers, Antonio Shillingford and James Coughlan respond to the FCA's proposed limitations on how crypto-derivatives can be marketed, distributed and sold to "ill-suited" retail investors. Though the flood of crypto-based products' get-rich-quick advertising campaigns pose tremendous risk to uneducated (retail) investors, an outright ban is bound to hamper institutional adoption.
Has the Wild-Wild West of Crypto-based products met its match? All will be revealed when the FCA's final “Guidance on Crypto assets” is published later this summer.
Find us online: