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FCA adds pressure to spread-betters

FCA adds pressure to spread-betters

The Financial Conduct Authority (FCA) has proposed banning the sale of cryptocurrency derivatives to non-professional traders, in the latest regulatory crackdown on the spread-betting industry. In a withering attack on the practice, the UK’s financial watchdog said retail customers “can’t reliably assess the value and risks” of leveraged crypto-trading, owing to the extreme volatility and “inherent nature” of the underlying assets.

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