UK regulator warns against 111 unregistered crypto companies… and FOMO

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA.
Since Jan. 10, all U.K.

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51 crypto firms withdraw licensing applications in the UK

Strict Anti-Money Laundering laws in the United Kingdom appear to be constituting a major operational hurdle for crypto firms in the country.
According to the U.K. Financial Conduct Authority (FCA), several crypto businesses in the country might be preparing for an exit.

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UK FCA derivatives ban signals disapproval of crypto as a whole, CoinShares exec says

Following the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cointelegraph.
Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs.

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UK Bans Retail Investors from Buying Bitcoin Derivatives | Crypto Briefing

Key Takeaways

The FCA ban prohibits “sale, marketing and distribution” of financial derivatives for firms operating “in or from.”
Bitcoin’s price action, however, remains unscathed by the news. 
The ban will come into effect on Jan. 6, 2021.

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Bitcoin (BTC) Holds $10,600 as the UK’s FCA bans Crypto Derivatives – Ethereum World News

In summary:

The FCA has banned crypto derivatives and exchange-traded notes (ETN) for retail customers
According to the FCA, the move is aimed at protecting retail investors 
The ban comes into effect 6th January 2021
Bitcoin and the crypto-verse were briefly rattled by the news but BTC has continu

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