Crypto executives are criticizing the British Financial Conduct Authority (FCA) over its ban on crypto derivatives, claiming that it is harming retail investors instead of protecting them. They argue that individuals should have the freedom to make their own investment choices, even if they come with risks. The FCA's ban, first introduced in 2020 and reaffirmed in a March 2024 update, has led to the suspension of operations for some crypto firms in the UK. Additionally, the FCA has struggled to remove all illegal crypto ads, with less than 55% of flagged promotions taken down between October 2023 and October 2024.



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