UK BAN on crypto CFDs and binary options!

in crypto •  7 months ago 

https://www.theguardian.com/technology/2019/jul/03/fca-proposes-ban-on-cryptocurrency-products


This is brilliant for crypto, it means retail investors are no longer allowed to place bets on the price of bitcoin.

If people want to go long on crypto, they'll have to buy real crypto rather than placing a bet on its price. It also means people will no longer be allowed to short crypto assets, which prevents people profiteering off its losses, thus disincentivising whales crashing the market somewhat.

However, this is only in the UK, so its effects will not be as profound.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi, @sisygoboom!

You just got a 1.56% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Hi @sisygoboom!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.827 which ranks you at #4340 across all Steem accounts.
Your rank has dropped 11 places in the last three days (old rank 4329).

In our last Algorithmic Curation Round, consisting of 161 contributions, your post is ranked at #66.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • The readers like your work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server

Congratulations @sisygoboom! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 18000 upvotes. Your next target is to reach 19000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

You can upvote this notification to help all Steem users. Learn how here!