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Roula Khalaf, Editor of the FT, selects her favorite tales in this weekly e-newsletter.
Are you pissed off that bitcoin isn’t that can be purchased by means of established UK funding establishments? Would you purchase it if it had been, or steer effectively clear?
As of this 12 months, US traders can now buy bitcoin through extremely regulated merchandise supplied by respected finance teams, relatively than having to purchase bitcoin immediately on offshore crypto exchanges.
Not like in the US, nevertheless, regulators in the UK haven’t permitted bitcoin trade traded funds, and believes crypto derivatives are “ill-suited” for retail shoppers.
UK traders have watched as bitcoin rose to register an all-time excessive above $70,000 this month, surging from roughly $42,000 in January.
FT Cash is asking readers whether or not they suppose bitcoin or different cryptocurrencies ought to take their place amongst their portfolio of typical belongings, or whether or not they regard them as unsafe houses for his or her money. Ought to UK regulators be setting guidelines to assist individuals entry the market? Inform us what you suppose by writing, in confidence, to money@ft.com.
