UK regulaUK regulators move to ban crypto loans, citing systemic economic riskstors move to ban crypto loans, citing systemic economic risks
- UK regulators have proposed a nationwide ban on crypto-backed loans amid rising concerns over macroeconomic risks.
- The FCA flagged lending growth in decentralized finance (DeFi) as a threat to consumer protection and financial stability.
- The proposed measures follow months of consultation with central banks, policymakers and crypto market participants.
- Total DeFi lending and staking TVL has crossed the $101 billion mark as of Friday.
United Kingdom (UK) regulators plan to ban crypto loans nationwide, citing systemic risks, threatening DeFi markets and Ethereum’s dominance.
UK regulators unveil plans to outlaw crypto lending
The UK’s Financial Conduct Authority (FCA) proposed a sweeping ban on crypto-backed loans,…
