UK watchdog bans Bitcoin-based products for retail investors

By on
UK watchdog bans Bitcoin-based products for retail investors

Saying most people lose money on them.

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:

Most Read Articles

You must be a registered member of iTnews to post a comment.
| Register

Log In

Username / Email:
Password:
  |  Forgot your password?