UK Prepares to Ban Use of Borrowed Funds to Buy Crypto
UK regulators are taking steps to block investors from using borrowed money, like credit card debt, to buy crypto. The move is part of a broader effort to update how digital assets are monitored and to protect consumers as the market grows rapidly. Digital currencies like Bitcoin have seen huge price swings in recent months, especially following U.S. President Donald Trump’s win. These surges have raised concerns about how people are getting involved in crypto investing, prompting the Financial Conduct Authority (FCA) to consider tighter oversight while also trying to support innovation in the sector. Recent data from YouGov shows…