In the UK, the FCA is “looking at a full ban on crypto related CFD trading for retail clients.”
Further, “in its view cryptoassets have no intrinsic value and investors should therefore be prepared to lose all the value they have put in.”
Read more at LeapRate, here:
The FCA’s new motto:
We are Her Majesty’s Nanny Regulator.
No regulator in the US or in the EU
is going to out-Nanny us, by god!
Meanwhile, Chinese courts have ruled that cryptocurrencies are property, not currency.
However, they say that cryptocurrencies have economic value and can bring economic benefits to their owners. Further, there are contractual obligations associated with owning and transferring digital assets.
Read more at LeapRate, here:
