I notice that cryptos have reappeared in searches and watchlists again. I wonder why that is?
The maximum traded quantity is still 0 of course. And the price history isn’t getting updated.
I notice that cryptos have reappeared in searches and watchlists again. I wonder why that is?
The maximum traded quantity is still 0 of course. And the price history isn’t getting updated.
False alarm. They’ve gone again.
why is crypto out of 212? I didnt see any tipic on this.
FCA banned them.
This is the topic!
It was big news for a few days until it got overshadowed by the margin changes!
Some recent news on what’s going on
Is Margin trading with Crypto’s still allowed in UK?
For example Kraken provides Margin trading for UK users, is this still allowed?
Also, can UK residents still trade crypto futures with firms outside UK?
If the “Retail Client” is classified as an “Elective Client” (Professional), is the person still eligible to trade?
COBS 3.5 Professional clients - FCA Handbook
Im unsure about Crypto exchanges.
The FCA jurisdiction is UK businesses and customers.
It’s idea was specifically to prevent retail UK customers from using CFDs or ETPs that just track the underlying asset.
So professional status customers aren’t affected. And people outside the UK.
If crypto continues to appreciate during the lockdown and other covid counter measures. Does everyone think the FCA/BOE/GOV will become more aggressive in their anti crypto restrictions?
I think the main reason for the ban was that they were expecting a scenario like the one we have today IMHO
I’ll admit the reasoning is beyond my paygrade, but why only ban derivatives then? Asset holders still got hit hard today. Are there really that many people who would leverage heavily then blame someone else when a loss occurs?
Because the derivatives are actually regulated, while the critpos are not. This is the reason why you can still use an external wallet and buy it using binance or similar. Plus this only applies to broker which have residency in the UK. You can still buy these assets on broker with fiscal residence somewhere else in Europe. Of course I am not sure of this, just speculating. Having said that, I would never invest in critpos. I really like to own a company in terms of investing
Thanks for the insight. Regulation of the asset would likely push people to off shore brokers then. I don’t own the actual coins either but I have been buying shares in the miners since last February. I prefer companies too.
A post was merged into an existing topic: Crypto currency plans