UK watchdog bans Bitcoin-based products for retail investors

By
Follow google news

Saying most people lose money on them.

UK watchdog bans Bitcoin-based products for retail investors
Britain's financial watchdog will ban the sale to retail investors of products that track the price of cryptoassets like Bitcoin, saying most people lose money on them. The Financial Conduct Authority (FCA) said there is no reliable basis for valuing cryptoassets that underpin derivatives ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
banbitcoincryptocurrencyfinancialfinancial servicesinvestorlossretail

Sponsored Whitepapers

Defend Your Network from the Next Generation of AI Threats
Defend Your Network from the Next Generation of AI Threats
Optus Enterprise Mobility
Optus Enterprise Mobility
Life After VMware: Scale Securely with mCloud by Micron21
Life After VMware: Scale Securely with mCloud by Micron21
Cut Cloud Costs Without Compromise: Discover mCloud by Micron21
Cut Cloud Costs Without Compromise: Discover mCloud by Micron21
What 4 wholesale distribution challenges aren’t going away anytime soon?
What 4 wholesale distribution challenges aren’t going away anytime soon?

Events

Most Read Articles

ANZ Banking Group wants better value from its tech vendors

ANZ Banking Group wants better value from its tech vendors
ANZ CEO backs Plus tech stack, but changes "inefficient" delivery

ANZ CEO backs Plus tech stack, but changes "inefficient" delivery
Macquarie Bank's digital chief to join Westpac

Macquarie Bank's digital chief to join Westpac
Westpac looks to broad AI integration within the business bank

Westpac looks to broad AI integration within the business bank
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?