UK crypto community reacts as FCA derivatives ban goes into effect

On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect.
The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter.

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UK’s FCA bans retail crypto derivatives after year-long consideration

In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers.

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