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Posted: 2025-05-04 17:01:34 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-04 17:01:49 UTC
Verified By
Rollup News
The UK's FCA is set to ban the use of credit cards for cryptocurrency purchases and restrict crypto lending to protect consumers from high-risk borrowing. Stablecoins from FCA-regulated firms will be exempt.
Ban on credit card use for crypto purchases
Restrictions on crypto lending
Protection of consumers from high-risk borrowing
Exemption for stablecoins from FCA-regulated firms
Rising risky credit-funded crypto purchases
Protecting consumers from high-risk borrowing