According to Techub News and reported by Decrypt, the UK's Financial Conduct Authority (FCA) has released a new discussion paper this week, planning to ban cryptocurrency companies from allowing UK customers to purchase crypto assets using credit cards. The proposed rules will also prohibit the use of any other forms of credit to purchase cryptocurrencies, including loans and digital money credit lines. The FCA stated: "We are concerned that consumers who buy crypto assets with credit may fall into unmanageable debt, especially if the value of their crypto assets falls, and they rely on that value to repay the debt." Additionally, the FCA indicated that stablecoins authorized under its regulatory regime may not be subject to the credit ban. Currently, the FCA has publicly solicited opinions on the rule-making. It stated that it will accept public feedback on the proposal until June 13. #MemeBox 现已支持 Solana 公链 #美联储5月利率预测 #五月行情预测
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to Techub News and reported by Decrypt, the UK's Financial Conduct Authority (FCA) has released a new discussion paper this week, planning to ban cryptocurrency companies from allowing UK customers to purchase crypto assets using credit cards. The proposed rules will also prohibit the use of any other forms of credit to purchase cryptocurrencies, including loans and digital money credit lines. The FCA stated: "We are concerned that consumers who buy crypto assets with credit may fall into unmanageable debt, especially if the value of their crypto assets falls, and they rely on that value to repay the debt." Additionally, the FCA indicated that stablecoins authorized under its regulatory regime may not be subject to the credit ban. Currently, the FCA has publicly solicited opinions on the rule-making. It stated that it will accept public feedback on the proposal until June 13. #MemeBox 现已支持 Solana 公链 #美联储5月利率预测 #五月行情预测