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Tag: Derivatives

UK’s Financial Conduct Authority Issues Warning on Cryptocurrency Derivatives

Category: Altcoins, Bitcoin, Commentary, News, Regulation

UK’s Financial Conduct Authority Issues Warning on Cryptocurrency Derivatives

The Financial Conduct Authority (FCA) released a statement on April 6, 2018, which mentioned that any firm that offers cryptocurrency derivatives needs to be authorized by the FCA. While the FCA does not regulate cryptocurrencies, cryptocurrency derivatives are, however, “capable of being financial instruments under the Markets in Financial Instruments Directive II (MIFD II), although we do not consider cryptocurrencies…

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