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BTCC / BTCC Square / Global Cryptocurrency /
UK Financial Watchdog Proposes Ban on Crypto Purchases Using Debt

UK Financial Watchdog Proposes Ban on Crypto Purchases Using Debt

Author:
Global Cryptocurrency
Published:
2025-05-02 13:05:02
20
1

The UK’s Financial Conduct Authority has unveiled stringent measures aimed at retail investors, including a prohibition on acquiring cryptocurrencies through debt instruments. Credit cards, e-money, and other Leveraged products would fall under the ban, reflecting regulators’ concerns over market volatility and consumer protection.

New rules extend beyond purchasing restrictions, barring retail participation in high-risk crypto lending platforms. The proposal signals a broader regulatory clampdown as authorities grapple with balancing innovation and investor safeguards in the digital asset space.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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