Big news about cryptocurrency in the UK! The government has banned some types of crypto investments called 'derivatives'. Some important people in the crypto world think this ban is a mistake.
- The ban prevents people from investing in certain risky crypto products.
- Crypto company bosses say this hurts regular investors more than it helps.
- They believe people should be able to choose their own investments, even if they're risky.
- The ban has made some crypto companies leave the UK.
| Fact | Number |
|---|---|
| Number of crypto registration applications received by the FCA since 2020 | 368 |
| Percentage approved | 14% |
| Number of alerts issued about illegal crypto ads | Over 1700 |
| Percentage of illegal ads removed | Less than 55% |
