A leading change in the European cryptocurrency market is occurring as the UK’s Financial Conduct Authority (FCA) is not regulating derivatives. With the European Union's MiFID 2 regulation introduced this year, UK authorities have concluded that it falls under this type of regulation. This likely sets a precedent that…
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What to know: EU changes requirements on cryptocurrency CFDs
According to an announcement made on March 27, 2018, the European Securities and Markets Authority (ESMA) has increased their requirements on Contracts For Differences (CFDs) in cryptocurrencies markets. A CFD is an agreement on a futures contract when there are differences in settlements. Instead of resolving the differences through a…