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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.
