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UK Watchdog Moves to Block Credit Card Crypto Purchases—Because Nothing Says ’Financial Prudence’ Like Bureaucrats Dictating Risk Tolerance
UK Watchdog Moves to Block Credit Card Crypto Purchases—Because Nothing Says ’Financial Prudence’ Like Bureaucrats Dictating Risk Tolerance
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The Financial Conduct Authority (FSA) drops a regulatory hammer—proposing to ban Brits from buying digital assets with credit cards. Because apparently, grown adults can’t be trusted with leverage when gambling on internet money.
Active traders brace for impact: The move could force retail investors to liquidate positions or seek riskier workarounds. Meanwhile, banks quietly rejoice—one less headache for their fraud departments.
Closing thought: When traditional finance fails at inflation hedging for decades, maybe—just maybe—chasing volatile assets with borrowed cash isn’t the craziest idea in the room.
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