British authorities divided on prohibiting sale of crypto financial investment products
< img src =" https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvNjE2NDVmMDMtOGU1ZS00NjQyLWE2YWQtMDQzNWMxNmFkZjQ4LmpwZw==.jpg"> The policymakers in the UK got divided on whether the
sale, advertising, as well as distribution of by-products and exchange-traded notes, connected with crypto, must be banned.
The restriction, established by the chief British regulator, the Financial Conduct Authority (FCA), came into pressure in January 2021. Making use of the cost-benefit evaluation, the RPC assessed an annual loss from the procedure at about $333 million (268.5 million British extra pounds). As the Committee states, the FCA really did not offer a clear description of what specifically would take place in the absence of the restriction.