CoinShares Attacks UK Watchdog Over Proposed Crypto Ban

London has an unusual number of strings to its bow. Not only is it one of the largest financial centers, it is rapidly becoming a leading hub for fintech investment. Last week a leading lawyer suggested that regulators are making London an “incredibly positive” place for crypto.

But the Financial Conduct Authority (FCA) may soon change that narrative. Earlier this year, the UK regulator proposed a total ban on cryptocurrency derivatives for retail buyers, arguing that these complex products are unsuitable for all but qualified investors.

The proposals – which are still in the consultation period – have brought the industry out in arms. London-based digital asset manager CoinShares is now spearheading a campaign against the ban, as well as challenging the watchdog publicly.

18/ We’ll spare you the rest, but they’re all in here if you’re interested