The UK financial watchdog plans to stop retail investors borrowing money to invest in cryptocurrencies like bitcoin as it seeks to bring much of the fast-growing digital assets market under regulatory supervision for the first time.
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Britain to stop consumers borrowing to buy cryptocurrencies
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Financial Conduct Authority proposes restricting firms from lending to consumers to fund their crypto purchases, including via credit cards, due to concerns about unsustainable debt if the value of crypto assets drops and consumers were relying on that value for repayment
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