You’d be forgiven for thinking that governments are trying to regulate crypto derivatives out of existence.
Last week, both the U.S. Department of Justice and the Commodities Futures Trade Commission came after BITMEX with a slew of civil complaints, as well as criminal complaints against the founders. Crypto lawyers agreed that actions such as the arrest of the BitMEX co-founder and CTO represented a clear escalation in the regulatory battle.
Then, earlier this week, the U.K.’s Financial Conduct Authority (FCA) issued an outright ban on derivatives for retail traders, claiming that they were too complex, impossible to value, and that the ban would save those investors something to the tune of ?53M annually.
It is hard not to feel like blanket bans like this are overly heavy-handed.
