FCA considers restricting crypto borrowing
LONDON: The FCA is asking firms for feedback on cryptoasset lending platforms, as it seeks to bring the volatile asset class within regulation.
The latest discussion paper is seeking views on how the FCA should regulate intermediaries, staking, lending and borrowing, as well as decentralised finance (DeFi).
The paper also considers whether restrictions should be applied to using credit to purchase cryptoassets.
