{"id":4165,"date":"2020-10-06T16:29:31","date_gmt":"2020-10-06T16:29:31","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4165"},"modified":"2020-10-06T16:32:16","modified_gmt":"2020-10-06T16:32:16","slug":"breaking-news-fca-asks-traders-to-stop-selling-crypto-assets-to-retail-consumers","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/breaking-news-fca-asks-traders-to-stop-selling-crypto-assets-to-retail-consumers\/","title":{"rendered":"Breaking News: FCA asks traders to stop selling crypto-assets to retail consumers"},"content":{"rendered":"
According to the Financial Conduct Authority of the UK, cryptocurrencies<\/a> and their derivatives ( Bitcoin<\/a>, Ethereum<\/a>, XRP,etc.) are not fit for retail customers. So the authority banned their marketing, sales, or distribution of any kind. This ban will be effective from 6<\/span>th<\/span> January 2021. Why? Sheldon Mills, an interim Executive Director, of Strategy and Competition, stated these reasons are the decisive factors:\u00a0<\/span><\/p>\n <\/a><\/p>\n Due to these reasons, crypto assets are deemed harmful, and this is the driving force behind the ban. It would cover people and businesses that were selling these assets to these consumers, wherever they are situated.\u00a0<\/span><\/p>\n\n