The Cyprus Securities and Exchange Commission (CySEC) https://www.forexbrokerz.com/news/Cy...se-instruments
possibly the most important area of the document concerns the banning of exercising of EU passporting rules when offering CFDs on cryptocurrencies. To put it differently, if trading in cryptocurrencies or products together is forbidden in a given EU or third country, the broker should not offer you those products inside.
Additionally, under the new rules, the brokers must not offer to retail clients a leverage of over 1:5 on these instruments and the quantity of crypto CFDs shouldn't exceed 15% of their total turnover of their broker per quarter.
The brokers that offer CFDs on digital currencies should give access to over one price feed supplier (virtual currency exchanges, liquidity suppliers ) and cross-check to ensure the subsequent of best performance principles. Furthermore, the price feed providers have to be duly registered and regulated and has to undergo a due diligence check from the broker.