On 9 April 2018, the Financial Conduct Authority (FCA) published its Business Plan 2018/19 (link), in which it identified cryptocurrencies as one of its cross-sector priorities for the year ahead.Shortly before, on 6 April 2018, the FCA also published a statement on cryptocurrency derivatives and their regulatory status under the second Markets in Financial Instruments Directive (MiFID II) (link). FCA Issues Warning Regarding Cryptocurrency CFDs - The ... The FCA Warns That The “Charges and Funding Costs” Associated With Cryptocurrency CFDs “Tend to Be Significantly Higher Than for Other CFD Products” The financial regulator asserts that “fees can include the spread, funding charges, and commissions” incurred while trading, stressing that investors “should consider the impact of FCA Issues Warning Against the Risks of Cryptocurrency CFD ... In the UK, all types of CFD, including cryptocurrency CFDs, come under the regulation of FCA. So investors receive all the types of protection offered by the regulatory body. However, the regulatory protection does not include losses incurred while trading, and trading using CFDs is very risky. FCA Gives Green Light to B2C2 Cryptocurrency-Backed CFD Cryptocurrency liquidity provider B2C2 announced on Thursday that its subsidiary, B2C2 OTC, has received a regulatory license from the Financial Conduct Authority (FCA) to deal in contracts for difference (CFDs). The deal marks the first occasion that a firm has been given authorization by the British regulator to provide cryptocurrency-backed CFDs.
The Best Regulated Bitcoin Brokers
Compare Top CFD & Spread Betting Cryptocurrency Brokers Comparing FCA regulated cryptocurrency brokerage firms. It's important to avoid cryptocurrency scams by only using a fully FCA regulated cryptocurrency broker. Some brokers can give access to Bitcoin futures on the CME, offer cryptocurrency spread betting of CFD trading on cryptocurrencies. You can find cryptocurrency specific brokers here: FCA Seemingly exempts Cryptocurrency CFDs from MiFID II ... Apr 09, 2018
Jan 31, 2019
FCA Regulation. While the FCA regulates CFDs, which means that when you trade cryptocurrency CFDs you have the protections offered by the UK’s financial services regulatory framework, these Liquidity provider B2C2 gains authorisation from the FCA to offer contracts for difference (CFDs). By Jon Watkins Cryptocurrency liquidity provider B2C2 has received authorisation from the UK’s Financial Conduct Authority for one of its subsidiary’s to arrange and deal in contracts for difference (CFDs). The FCA’s new CFD consultation is also asking for input on whether other derivatives, such as futures are suitable for the restrictions. Firms have until February 7 to provide comments on the binary options ban and until March 7, 2019. Comparing FCA regulated cryptocurrency brokerage firms. It's important to avoid cryptocurrency scams by only using a fully FCA regulated cryptocurrency broker. Some brokers can give access to Bitcoin futures on the CME, offer cryptocurrency spread betting of CFD trading on cryptocurrencies. You can find cryptocurrency specific brokers here: The FCA will continue its focus on the sector through its on-going programme of supervisory work. The FCA has published a statement on the outcome of its further review of appropriateness tests on its website today as a follow up to its Dear CEO letter in February 2016. We also expect to publish the outcomes of thematic work on CFD 3 Jul 2019 FCA proposes ban on sale of crypto-derivatives to retail consumers 'As with our work on the wider CFD and binary options markets, we will 14 Nov 2017 The FCA regulates CFDs which means that when you trade cryptocurrency CFDs you have the protections offered by the UK's financial services
Cryptoassets is a broad term and covers many different types of products. The most popular forms of cryptoassets include tokens like Bitcoin, Ether and Litecoin. We call these 'exchange tokens' because they are intended to be used as a method of payment. They are sometimes referred to as cryptocurrencies, cryptocoins, or payment tokens.
FCA Eyes Outright Ban on Cryptocurrency CFDs, Report Says ... In November 2017, FCA issued a warning for investors in cryptocurrency contracts for difference (CFD), mentioning the risks involved. However, the watchdog decided in late December not to regulate the digital asset class, though it stated the decision is not indicative of the … FCA issues warning about the risks ... - CFD and Forex Trading The UK Financial Conduct Authority (FCA) has just issued a warning about the risks of investing in cryptocurrency CFDs. The complete text of the regulator’s warning can be seen below: Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers. B2C2 is first to Receive FCA Authorization on Crypto ... Jan 31, 2019 Best Indicators for Cryptocurrency CFDs
Cryptocurrency CFD Warning | FinTech Law Watch
Cryptocurrency CFDs require license, but not cryptos ... According to the FCA, cryptocurrency derivatives are defined as being “financial instruments” under the Markets in Financial Instruments Directive II (MiFID II), even though the FCA does not consider cryptocurrencies to be currencies or commodities for regulatory purposes under MiFID II.