Cryptocurrency Derivatives Face U.K. Ban - News Summed Up

Cryptocurrency Derivatives Face U.K. Ban


In an original WSJ documentary, markets reporter Steven Russolillo ventures to Japan and Hong Kong to explore the universe of cryptocurrencies. His mission: create WSJCoin, a virtual token for the newspaper industry. Video: Clément BürgeA British regulator proposed a ban on selling derivatives based on bitcoin and other digital currencies to individual investors, calling these products “unsuitable investments” for nonprofessionals. The Financial Conduct Authority said it would consult with the financial industry and consumers about the restrictions. The curbs would cover the sale or marketing of derivatives and exchange-traded notes linked to cryptocurrencies and other digital assets, and could start early next year.


Source: Wall Street Journal July 04, 2019 10:11 UTC



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