! ! ! CRYPTO WORLD NEWS #1! ! !
MAY 3, 2025
🇬🇧 UK Plans to Ban Borrowing for Crypto Investments
The UK's Financial Conduct Authority (FCA) is proposing a ban on retail investors using borrowed funds—such as credit cards—to purchase cryptocurrencies. This move aims to protect consumers from the volatile nature of crypto markets and follows a significant increase in consumers using loans to invest in crypto—from 6% in 2022 to 14% in 2023. The FCA is seeking feedback from professionals and organizations via a discussion paper .