🚨🇬🇧UK TO BAN CREDIT-FUELED CRYPTO BUYS IN CONSUMER PROTECTION CRACKDOWN
🔹Britain to restrict crypto purchases via credit cards under new draft rules
🔹Retail investors barred from crypto lending & borrowing with borrowed funds
🔹7 million UK adults own crypto, but FCA warns of “total loss” risks
🔹Stablecoins still permitted—if issued by FCA-regulated entities
🔹New rules include credit checks, investor knowledge tests, and staking transparency
🔹Move aims to curb misuse and limit risk exposure amid rising retail interest