UK watchdog bans Bitcoin-based products for retail investors

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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 ...

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ban bitcoin cryptocurrency finance financial investor loss retail

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