FCA BANS THE SALE OF CRYPTO-DERIVATIVES TO RETAIL CONSUMERS

Unregulated transferable cryptoassets are tokens that are not ‘specified investments’ or e-money, and can be traded, which includes well-known tokens such as Bitcoin, Ether or Ripple.

Specified investments are types of investment which are specified in legislation.

Firms that carry out particular types of regulated activity in relation to those investments must be authorised by the FCA. ”

 

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Source: FCA