Hi all, As lots of you probably know, the FCA has decided to ban the sale of crypto-derivatives and ETNs to UK retail investors from 2021. Will the Bitcoin ETP (BTCE) be impacted by this ban? And if so, does that mean we’ll be forced to sell this holding when the ban comes into place? I only disc…

But as per FCA FCA bans the sale of crypto-derivatives to retail consumers | FCA , they are mentioning as Crypto derivatives and ETN’s PS20/10: Prohibiting the sale to retail clients of investment products that reference cryptoassets | FCA I think these links were already posted. [image] I would…

I’d also like to believe BTCE will be excluded but seeing as both the fund managers and distributors said it’s impacted this seems highly unlikely. Just load up while you still can and buy real coins after if you want to buy more after 2021

The BTCE is an ETN. The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers So Crypto CFDs and ETNs (like BTCE) So basically coins are still fine, but you cant buy products that reference…

[image] phildawson: Unless you go pro. Speaking of which: Professional Accounts

I am considering selling a significant portion of the shares in my ISA and purchasing BTCE instead so that I can shelter any future gains in the price of bitcoin (BTC) from capital gains tax (CGT). @Team212 , in light of today’s notification that all cryptocurrency positions will be liquidated on Fr…

[image] alex.thepancake: especially as capital gains tax may be going up soon on real crypto held outside an ISA Do you have any more information about this? I did a quick Google search but didn’t find anything about an increase.

They’ve said you can’t buy crypto CFDs but do not have to close existing positions before the deadline. Can T212 make things clear once and for all, perhaps with a sticky thread.

There’s talk he’ll double it. This applies to any gains. [image] Capital gains tax: Rate should double, says government review The chancellor commissioned the report in July as part of efforts to cover Covid-19 costs.

Will the Bitcoin ETP be impacted by the FCA's ban on crypto-derivatives in the UK?

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Supraman November 24, 2020, 7:59pm 27

Speaking of which:

Professional Accounts

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Will the Bitcoin ETP be impacted by the FCA's ban on crypto-derivatives in the UK?

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