Understanding the Proposed Ban The UK's Financial Conduct Authority (FCA) has proposed new regulations to prohibit retail investors from using borrowed money—such as credit cards or loans—to purchase cryptocurrencies. This move aims to safeguard consumers from overleveraging in a volatile market. Why Is the Ban Being Proposed? According to the FCA, an increasing number of…
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UK Moves to Ban Crypto Purchases Using Borrowed Funds Under New FCA Rules
