Britain's Financial Conduct Authority proposes to ban the purchase of crypto assets through credit "

Crypto 7x24

2025-05-04 06:21:20

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Online reports that the UK's Financial Conduct Authority (FCA) has proposed to ban the use of any form of credit, including credit cards and loans, to purchase crypto assets, citing growing consumer debt associated with highly volatile digital assets. Recently, a survey commissioned by YouGov by the FCA found that in August 2024, 14% of UK cryptocurrency users used credit to purchase cryptocurrency.

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