The Financial Conduct Authority in the United Kingdom proposes a ban on purchasing cryptocurrency with credit

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The Financial Conduct Authority (FCA) in the United Kingdom has proposed a ban on using any form of credit, including credit cards and loans, to purchase cryptocurrencies, citing increasing consumer debt associated with highly volatile digital assets.

Recently, a survey conducted by YouGov on behalf of the FCA found that 14% of cryptocurrency users in the UK used credit to buy cryptocurrencies in August.