UK’s Financial regulator FCA bans the sale of cryptocurrency derivatives.

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United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), which first proposed such a ban in July 2019, said prohibition would save 53 million pounds ($69 million) a year in losses for retail investors once it comes into force on Jan. 6. Customers with existing holdings will be allowed to remain invested as long as they wish. Shares of the spread-betting firms that offer the crypto derivatives slid in London trading.
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