And yet, they have not banned bitcoin, right? Nor have they banned users from buying it! So? The point is, as I am starting to lose it with so many comparisons.
Yes, because this banning rule will take effect from January 6, 2021 based on sources.
And you're quoting me with that and say this, because? My point stands, bitcoin is not and will not be banned from January 6 either.
If you were trying to refer to the point where I mentioned that the price didn't care that much about this is because it really doesn't matter, derivatives market or not, bitcoin will not be affected at all, and in my opinion, it is better without those. From the start they were pretty damn shady, I can't think of a single argument on how they are good for the environment.
It is possible that there are lots of complaints and loses from the retail consumers regarding crypto derivatives.
Probably, they claim 100 million:
We think these issues will cause retail consumers harm from sudden and unexpected losses if they invest in these products. We estimate a ban could reduce harm by £19m to £101m a year for retail investors.
It might be exaggerated but if we look back on how things went in the past at least half of the sum might be possible