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New UK regulation seeks ban on consumers’ borrowing to buy crypto

Bitcoin on a pound note.
The FCA is looking at whether retail investor should be allowed to borrow in order to buy crypto. Photo: Matt Cardy/Getty images

Hameed Shuja

2 min read
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The proposals are part of the UK’s plan to bring all crypto assets under a standard regulatory framework.

Consumers could be banned from borrowing money to invest in cryptocurrencies under new measures being considered by the UK’s financial regulator.

The proposal comes in a discussion paper published by the UK FCA that seeks views and feedback on the future regulation of crypto asset trading platforms, intermediaries, crypto asset

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