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UK watchdog bans Bitcoin-based products for retail investors

By Staff Writer

Oct 7 2020 12:15PM

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 ...

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