FCA looking to ban crypto derivatives

[Guest PandaFace]

Looks like the good ol FCA is looking to ban leverage derivatives like those we trade. Sigh. 

Consultation paper seems to be in the works. 

Like what’s the point you useless bunch of toss pots? Talk about a reg firm who are looking to expand their reach over and over again. Weird that the company who’s prime goal and purpose is to regulate and who wouldn’t be about without the need to funnel more under their umbrella...are the ones who decide what goes under their umbrella. It’s like “business is slow and the higher ups need KPIs - let’s find something that doesn’t require regs and reg it”.

[Guest PandaFace]

Also as a side note - what’s the point? We already have BTC futures, we have a number of ETF’s, we seem to be getting more, other crypto’s will follow... they can’t just regulate those too. Retards. 

If anything this will just once again push people offshore, switch to other leverage derivatives etc... mindless 

[Guest PandaFace]

Interesting link thank you. We’re ina transactionary phase at the moment. Hopefully it rolls the right way...