{"id":239196,"date":"2019-10-06T16:29:42","date_gmt":"2019-10-06T20:29:42","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=239196"},"modified":"2021-07-29T11:20:15","modified_gmt":"2021-07-29T15:20:15","slug":"financial-regulatory-body-in-the-uk-considers-a-ban-on-options-futures-and-other-crypto-financial-instruments","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/financial-regulatory-body-in-the-uk-considers-a-ban-on-options-futures-and-other-crypto-financial-instruments","title":{"rendered":"Financial Regulatory Body in the UK Considers a Ban on Options, Futures, and Other Crypto-Financial Instruments"},"content":{"rendered":"<p>The recent market happening is currently stirring up the line of thought of placing a ban on cryptocurrency derivatives by the FCA. The FCA( Financial Conduct Authority) is U.K&#8217;s financial regulatory body. The regulatory body stated this in a recent report.<\/p>\n<p>Recall there was a nosediving drop in Bitcoin price past weeks which the cryptocurrency fell within the space of 30mins down by more than $1000. The Financial regulatory body is greatly concerned about the volatility of crypto derivatives and as such is considering a ban to curb losses that might result from such future market occurrences. An estimated value of $288 million is believed by the FCA to be saved if a ban is placed.<\/p>\n<p><strong>FCA Considers Banning Bitcoin(BTC) and Other Crypto Derivatives Products<\/strong><br \/>\nOngoing market volatility might spur a reaction from FCA causing a ban on Bitcoin(BTC) and other crypto financial instruments. This includes options and futures as well. Recall how Bitcoin price crashed in the past weeks and subsequently forcing down BitMEX&#8217;s earnings by a whopping $643 million. BitMex is a crypto trading platform that handles Bitcoin contracts.<\/p>\n<p>Considering the total amount of crypto derivatives products sold in recent times especially this year 2019, research stated this as more than $23billion, so ongoing market volatility occurrences like that in the past few weeks may generate concerns in the financial sector worldwide.<\/p>\n<p>Recounting a loss suffered on crypto financial instruments across the UK crypto space in the past two years to be an estimated amount of $457 million, the FCA might consider a blanket ban on it.<\/p>\n<p>The regulatory body also pointed out that leverage and high trading costs make crypto derivatives more susceptible to market twists resulting in a greater loss.<\/p>\n<p><strong>Cryptocurrency Against All Odds<\/strong><br \/>\nSo much is yet to be understood about cryptocurrency. This generalized misconception is triggering an anti-crypto stance in places apart from the UK. Germany and Japan are considering a regulatory change in crypto trading.<\/p>\n<p>In South Korea, the financial regulatory body is receiving backlash from cryptoanalysts for the stringent measures it&#8217;s taking as regards cryptocurrency believed to be unfriendly.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The recent market happening is currently stirring up the line of thought of placing a ban on cryptocurrency derivatives by the FCA. The FCA( Financial <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/financial-regulatory-body-in-the-uk-considers-a-ban-on-options-futures-and-other-crypto-financial-instruments\" title=\"Financial Regulatory Body in the UK Considers a Ban on Options, Futures, and Other Crypto-Financial Instruments\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":239235,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[9561,9562,7877],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Regulatory Body in the UK Considers a Ban on Options, Futures, and Other Crypto-Financial Instruments - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The recent market happening is currently stirring up the line of thought of placing a ban on cryptocurrency derivatives by the FCA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Regulatory Body in the UK Considers a Ban on Options, Futures, and Other Crypto-Financial Instruments\" \/>\n<meta property=\"og:description\" content=\"The recent market happening is currently stirring up the line of thought of placing a ban on cryptocurrency derivatives by the FCA.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-06T20:29:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-29T15:20:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/10\/business-3117883__340.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"340\" \/>\n\t<meta property=\"og:image:height\" content=\"340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Financial Regulatory Body in the UK Considers a Ban on Options, Futures, and Other Crypto-Financial Instruments\",\"datePublished\":\"2019-10-06T20:29:42+00:00\",\"dateModified\":\"2021-07-29T15:20:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196\"},\"wordCount\":364,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Bitcoin(BTC)\",\"Crypto Derivatives Products\",\"Financial Conduct Authority (FCA)\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/239196\",\"name\":\"Financial Regulatory Body in the UK Considers a Ban on Options, Futures, and Other Crypto-Financial Instruments - 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