logo

UK regulator moves to restrict borrowing for crypto investments

By: the crypto news wire|2025/05/02 22:15:01
0
Share
copy
The UK’s Financial Conduct Authority plans to ban retail investors from using borrowed funds, including credit cards, to purchase crypto. The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), plans to stop retail investors from borrowing money to fund their crypto investments. According to a May 2 Financial Times report, the ban on borrowing to fund crypto purchases is one of the upcoming crypto rules by the FCA. David Geale, FCA executive director of payments and digital finance, told the FT that “crypto is an area of potential growth for the UK, but it has to be done right.” He added: Geale denied claims that the FCA is hostile to the crypto industry. Instead, he explained that he views the industry as offering high-risk investments with less consumer protection. “We are open for business,“ he said. Read more

You may also like

Lattice Capital Founder: Crypto VC, Seeing is Believing Because of Faith

"If you believe that this industry will grow 100 times in the future, with less competition and lower valuations, then now is the right time to invest. This is the path we have chosen."

The Pitch Is Set. So Is the Trade: CHZ, SportFi, and the UCL Window That Won't Wait

CHZ is gaining momentum as SportFi narratives accelerate alongside the UEFA Champions League(UCL) and global football cycles. This article explores how CHZ, fan tokens, and the broader SportFi ecosystem are driven by real-world events, market narratives, and capital flows—offering insights into why SportFi is emerging as one of the most dynamic sectors in crypto.

Morning Report | SpaceX acquires Cursor for $60 billion; Kalshi and Polymarket launch perpetual contract trading; NeoCognition completes $40 million financing

Overview of Important Market Events on April 22

IMF | The Future of Stablecoins and Payments: Evidence from Financial Markets

IMF deep report reveals the impact of stablecoin regulation: the US "Genius Act" triggers a $300 billion market earthquake for payment giants, with cross-border payments being the hardest hit, and the industry landscape is facing a reconstruction of "disintermediation."

56% Spike in Memecoin Trading Volume, Yet Shiba Inu (SHIB) Remains Static With 0 Netflow

Key Takeaways: Recent memecoin market saw a volume increase of 56%, highlighting a shift in investor interest towards…

American Airlines Praises Ripple, Surprising XRP Community

Key Takeaways: American Airlines reports exceptional results from Ripple Treasury usage. Ripple Treasury aids treasury efficiency without needing…

Popular coins

Latest Crypto News

Read more