Bitcoin to Dollar logo Bitcoin to Dollar logo
Cryptopolitan 2019-07-12 16:00:47

ESMA is concerned about CFD restriction compliance in the EU

The European Securities and Markets Authority (ESMA) has voiced concerns that financial service providers are not complying with the regulator’s restrictions installed on Contracts for Differences in the past. The EU regulator had limited the marketing and promotion of CFD related products to EU customers by EU companies, but there seemed to be a small loophole in the law. Third-country based companies would have the right to offer these products to EU-based customers, should the customers themselves show initiative of registering with the service providers. This also concerns cryptocurrency CFDs as nearly every brokerage hinges on its promotion and trading

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer