Regulators in Great Britain Move To Keep Crypto Customers From Borrowing To Buy Bitcoin (BTC): Report
Great Britain’s finance ministry is aiming to restrict credit card usage when buying crypto.
According to a new Reuters report, the Financial Conduct Authority (FCA) aims to cut down on “bad actors” while simultaneously supporting legitimate projects.
“We are considering a range of restrictions, including restricting the use of credit cards to directly buy cryptoassets, and using a credit line provided by an e-money firm to do so.”
The FCA would still allow consumers to purchase stablecoins by credit card.
However, the FCA still says that crypto investors should be prepared to lose everything when betting on digital assets.
Earlier this year, the FCA moved to ban crypto ads, managing to cut the advertisements down…
