The office of financial regulation and supervision of the UK (FCA) confirmed vosmoy a ban on the sale to retail investors of the cryptocurrency derivatives, in particular, the so-called “contracts for difference” in prices of cryptocurrencies (CDFs). This was stated by General Director of the FCA on questions of strategy and competition Christopher Woolard, says Finance Magnates.
The statement of Velarde sounded on Tuesday, November 20, at the conference in London. According to him, it can become “one of the most complete answers and the cryptocurrency industry”
“We are concerned that retail customers sell complex, volatile and are often leveraged derivatives, which are based on tokens that are characterized by problems harmful to the integrity of the market”, – quotes the edition of Valarda.
As suggested by the publication, the ban will probably apply to “options, futures and securities, which can go from one market participant to another.”
In his speech, the representative of the FCA also announced the findings of a special working group, which began to develop recommendations for the cryptocurrency market in March. According to him, the working group divided the cryptocurrency into three types: the “exchange” tokens, like BTC, security tokens, and utility tokens.
For the first time this idea was voiced in October. As it was reported, the decision will be made in the first quarter of 2019.