Update: FCA follows ESMA with cryptocurrency product warning
Cryptocurrency CFDs are “increasingly being marketed to consumers"
UK and EU regulators warn on cryptocurrency products
The Financial Conduct Authority (FCA) has become the latest regulatory body to issue a warning about cryptocurrency-related products, cautioning investors about the risks associated with cryptocurrency contracts for difference(CFDs).
Cryptocurrency CFDs, according to the FCA, are "increasingly being marketed to consumers" and "are extremely high-risk, speculative products". They allow investors to speculate on a change in price...
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