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Proposed Ban on Financial Instruments Associated with Digital Currencies by the FCA

The Financial Conduct Authority (FCA) plans to ban financial instruments associated with digital currencies like Bitcoin. According to a published policy document referenced, “Restricting contract for difference products sold to retail clients”, the financial regulatory body that is based in the United Kingdom announced the proposed ban in July 2019. Though it cannot prevent the direct…

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Cryptocurrency Scams on the Rise in the UK – Britain’s Financial Conduct Authority

Reuters published a warning from Britain's Financial Conduct Authority for investors on August 17th, informing them of an increase of cryptocurrency related scams which are leveraging celebrities and uptown London addresses to convince potential investors into buying into their scam. Similar warnings came out of BFCA's online channels, and now once again on the 17th of…

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