The FCA ban on the sale of crypto derivatives and exchange-traded notes (ETNs) passed in October went into effect Wednesday.
Germany new tax law will ban all derivatives trading starting in 2021. I'm shocked by the malice behind this,” commented researcher Hasu.
The FCA has banned the sale of crypto derivatives as they have no value to retail customers. The ban will come into effect on January 6, 2021.
ErisX said on 16 December in an alert to potential customers that its market for Bitcoin futures trading will start on Tuesday, 17 December.
The U.K government has said that the FCA will make the final decision on crypto derivatives ban since it operates independently from the government.
In the latest news about digital assets and the regulatory framework they fall under so far, Singapore suggests exempting crypto transactions from VAT.