US EditionBritain to ban consumers borrowing to buy cryptocurrencies
- The UK's Financial Conduct Authority released a discussion paper on May 1, 2025, proposing to ban consumer borrowing to buy cryptocurrencies in the UK.
- This proposal follows rising concerns about consumer debt risks linked to crypto purchases on credit amid a largely unregulated but growing crypto industry.
- The paper outlines rules requiring UK-based crypto firms to be authorized locally and proposes transparency, fair trading, and separation of proprietary activities from retail clients.
- A YouGov survey showed cryptocurrency ownership in Britain rose from 6% in 2022 to 14% last year, while FCA rejection rates of crypto firm applications fell from 86% to 75%.
- The FCA is seeking feedback until June 13, 2025, to finalize a regulatory framework aimed at consumer protection and sustainable growth in the UK crypto market.
34 Articles
34 Articles
UK Set to Ban Buying Crypto with Credit Cards and Loans, Here Is What It Means For You
The FCA moves to rein in debt-fueled crypto investing, triggering concern across the UK digital asset space. Key Highlights: The UK Financial Conduct Authority (FCA) has proposed banning the use of credit cards and loans to buy crypto. The proposal is part of a wider plan to protect consumers and reshape the UK’s crypto regulatory framework. Yello ParadiseSquad, if you’re in the UK and buying Bitcoin with a credit card, those days could soon be …
UK’s FCA Plans to Ban Credit-Fueled Crypto Investments - Crypto News Flash
FCA proposes banning retail investors from using borrowed funds to purchase Bitcoin and other crypto assets due to rising consumer debt risks. New UK rules aim to regulate crypto exchanges and promote legal innovation while easing requirements for foreign stablecoin issuers. The UK Financial Services Authority (FCA) is back in the news, this time because of its latest proposal that is quite brow-raising: banning retail investors from using borro…
UK watchdog proposes ban on credit-funded crypto purchases
Britain's financial regulator has proposed banning retail investors from using borrowed money, including credit cards, to buy cryptocurrencies, citing rising concerns over consumer debt and financial risk, reported Xinhua. The Financial Conduct Authority (FCA) unveiled the proposal in a new discussion paper that lays out plans to tighten oversight of the crypto sector. The rules would cover trading platforms, intermediaries, lending and staking …
UK Regulator FCA Plans to Ban Investors from Taking Out Loans to Buy Crypto – MAXBIT
The UK Financial Conduct Authority (FCA) plans to stop retail traders from obtaining loans to fund their crypto investments. The FCA is bringing forth a range of crypto regulations, including this added restriction. David Geale, FCA executive director, said there was an extensive range of opportunities for crypto investors and many risks. He said the...
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