UK Financial Regulator Plans Crackdown on Borrowing for Crypto

UK Financial Regulator Plans Crackdown on Borrowing for Crypto

The Financial Times reported on Friday that the UK’s Financial Conduct Authority (FCA) is looking to take action that will considerably limit the ability of retail investors to purchase cryptocurrencies through borrowing. These reported decisions mark a shift in strategy by the financial watchdog to mitigate what is believed to be overly reckless activity in…