An announcement published by the UK Financial Conduct Authority proposes changes to the model with which contracts for difference (CFDs) are currently sold to retail customers, including a requirement for firms to limit the leverage on contracts and eliminate monetary and non-monetary incentives with the intention of encouraging trading.
However, with regards to cryptocurrencies, the FCA wants an outright ban on retail-oriented CFDs, citing the UK Cryptoasset Taskforce’s reports for 2018.
“The FCA will consult separately in early 2019 on a potential ban on the sale of derivative products referencing cryptocurrencies, including CFDs, to r...
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