UK Ban of Crypto CFDs

topdog20

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Nov 16, 2020
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The UK's FCA has just announced a ban on the sale of crypto-currency derivatives (such as CFDs) and ETNs to retail investors from January 6th 2021.

https://www.fca.org.uk/news/press-releases/fca-bans-sale-crypto-derivatives-retail-consumers

Brokers such as IG have already announced that traders' positions will become sell only from that date onwards.

This will prevent a fire sale and collapse in prices, but how do you think this will affect prices going forward? The US is also heading in the same direction.