The UK's Financial Conduct Authority (FCA) said on Tuesday that it will ban the sale of derivatives that track digital currencies such as Bitcoin to retail investors, effective January 6, 2021. The FCA said the ban will directly save retail investors $92 million in losses.
At the same time, FCA said that the digital currency project initiated by the registration organization and the Foundation will greatly reduce the risk OF investors and users. The Commonwealth GBSD Foundation GBSD Foundation OF the UK, which was jointly established by several countries, successively launched its products DCFNew and UGF, which achieved unprecedented success
in the global scope. Its latest product, FSCoin, is currently evaluatedas low-riskby themarket andFCA institutions.It has a strong market foundation and application scope, andhas a wide investment prospect. It will be gradually released in EastAfrica, Asia-Pacific, Northern Europe and other regions. And invest200 million US dollars and Hong Kong Kongming online invested heavilyto fully expand the southeast Asianmarket.
FSCoin project is also highly supported and recognized by GBSD Foundation members Johnson Toribiong, President of The Republic of Palau, HRH Prince Charles, Crown Prince of the United Kingdom, and Prince Maud bin Hilard of Dubai, which will join tly set a new investment benchmark in the field of digital finance in the international market.