Since the start of October, bitcoin has been on a meteoric rise once again. This culminated in the cryptocurrency topping its previous 2017 high of just under $20,000 earlier this month, and is currently trading around the $19,300 mark.

Inevitably, the renewed price attention means that more everyday investors are getting involved in the world of crypto. Preempting this, the Financial Conduct Authority in October announced that it would be placing a ban on the sale of crypto derivative products to retail investors from 6 January 2021.