October 06, 2020

U.K. Watchdog Bans Sale of Cryptocurrency Derivatives to Individual Investors

Featuring: Yaya J. Fanusie

Source: The Wall Street Journal

Journalist: Caitlin Ostroff

The U.K.’s financial watchdog said it will ban the sale of derivatives linked to cryptocurrencies to retail consumers.

The ban aims to protect small-time investors from large price swings in assets whose value is linked to cryptocurrencies such as bitcoin, ether or ripple. Under the rules, firms acting in the U.K. will be unable to sell, market or distribute derivatives, including options and futures contracts, to retail customers.

Read the full story and more from The Wall Street Journal.

Author

  • Yaya J. Fanusie

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Yaya J. Fanusie is an Adjunct Senior Fellow at the Center for a New American Security (CNAS) where his research focuses on crypto, blockchain, and central bank digital currenc...