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> it is only the derivatives products that have been banned. This isn’t correct. It’s any regulated asset that’s been banned. Well... has always been banned. T
by elliekelly 5y ago
> it is only the derivatives products that have been banned.
This isn’t correct. It’s any regulated asset that’s been banned. Well... has always been banned. That includes derivatives but also “cryptoassets”. The distinction comes down to whether the FCA considers the product a “security token”, “e-money”, or currency. The first two being prohibited for sale by or through Binance (or any unauthorized entity) without first obtaining the FCA’s permission as they’re regulated products.
More info about the distinction here: https://www.fca.org.uk/firms/cryptoassets https://www.fca.org.uk/firms/cryptoassets