The regulator considers these products to be ill-suited to retail consumers who cannot reliably assess the value and risks of derivatives or ETNs that reference certain cryptoassets.

The UK Financial Conduct Authority (FCA) has released new guidelines proposing rules to ‘address harm’ to retail consumers from the sale of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets. Christopher Woolard ( pictured ), executive director of strategy & competition at the FCA, said the move is in line with the regulator’s work on the wider contracts for difference (CfDs) and binary options markets. Most consumers cannot

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