The FCA’s initiative targets the growing trend of retail investors borrowing funds, including through credit cards, for crypto purchases. This ban is designed to prevent unsustainable debt levels among consumers.
FCA executives emphasize the necessity of regulating the crypto market to safeguard consumers while allowing growth potential. The authority aims to create a safe and competitive regulatory environment for businesses.
Upcoming regulations will include standards for trading platforms and ensuring equal treatment of trades. The FCA also plans to oversee decentralized finances to address market manipulation and maintain transparency.
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