The European Union has renewed the current contracts for difference (CFDs) restrictions for retail investors for another three-month period on consumer protection grounds, the European Securities and Markets Authority (ESMA) said on Friday. The regulatory package, which includes a 2:1 limit for crypto CFDs, will continue till the end of January next year.
ESMA introduced the CFDs limits on August 1 for an initial three-month period, but after a review of the measures, the regulator decided to extend the period. The 2:1 restriction for virtual coin contracts for difference makes them the instruments with the highest volatility compared to CFDs on traditional money, which are labeled as the securest because the limit for fiat pairs is 30:1. The closest ...
This article appeared first on Cryptovest
