So apparently FCA has ‘proposed a ban on financial instruments linked to digital cryptocurrencies such as bitcoin, warning that such products could cause huge losses for retail consumers unlikely to understand their risks or value’.
It’s unclear exactly what will be banned (e.g. all trading/investing in UK? all exchanges, etc. or maybe just ICOs).
I am all for more regulation in the space but an outright ban sounds awful. Does anyone have any further info on this and of course how would this affect Maidsafe who are based in UK?