The UK FCA’s Ban on Crypto Derivatives May Take Retail Investors Into Riskier Ground

He has stated a variety of reasons why products cannot be “reliably valued” by retail consumers, such as financial crime, volatility, and an inadequate understanding that crypto assets are the mainstream. Retail investors were estimated to save $ 53 million due to this ban. This is despite the FCA releasing research indicating that UK consumers have invested approximately $ 2.6 million in crypto assets. Although the main intention of this ban is to protect retail investors from the complexity of these products, the assumption that retail investors in the UK have inadequate knowledge of crypto assets could be incorrect. Jesse Spiro, global head of policy and regulatory affairs at Chainalysis, a blockchain analytics company, told Cointelegraph: “Given the amount of available information and market intelligence that is now regularly produced in the cryptocurrency ecosystem, there are many retail investors. who have a high degree of technical experience and knowledge ”. Continue reading on Coin Telegraph

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