Earthquake in the UK Crypto Market! Credit Purchases of Coins Completely Banned

Major Event in the Crypto Circle: The UK FCA officially proposes to ban the purchase of cryptocurrencies using credit cards, loans, and any other credit channels. This move has led to an uproar among 7 million users, and the market is facing a life-and-death test.

Data shows that 14% of users are leveraging credit to invest in cryptocurrencies, posing huge risks! The regulatory authorities do not want to repeat the tragic events like Celsius, and they are determined to put a stop to it.

How severe is the ban?

All credit cards and loans are banned, platforms must comply fully, and user funds must be completely isolated, with only regulated stablecoins barely surviving.

Large platforms urgently remove credit payment options, small exchanges cannot hold on and exit directly, and users begin to look for 'alternative ways to save the country', significantly increasing risks.

Three main points to watch for in the future:

1️⃣ Compliance costs rise, accelerating the elimination of small and medium platforms

2️⃣ Stablecoins are expected to rise in this opportunity

3️⃣ Global regulation continues to diverge, trading flows may shift

Is this regulatory storm a major reshuffle or the arrival of a cold winter? Regardless, risks and opportunities coexist in the crypto circle. Don't forget - the principal is the most important!

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