Stopping deprivation – UK considers ban of derivatives
Over usage leads to exploitation and deprivation of the quality and worth of a resource. UK has taken this idea a bit severely. The Financial Conduct Authority (FCA) the finance regulatory authority of UK is seeing to ban the derivatives of cryptocurrencies. The agency considers it as the most comprehensive response to the venture in the speech it gave on the regulation of cryptocurrencies event. FCA finds itself responsible for working on the regulatory quandary. The agency is planning to find ways to regulate the usage of cryptocurrencies by incorporating options, futures and transferable securities.