Silent Symphony
Well-known member
For those trading in the UK: heads up.
The FCA is reportedly preparing to ban retail crypto purchases using borrowed funds like credit cards. The stated goal is to protect consumers from over-leveraging. Personally, I think it’s a smart move — we’ve seen too many people wreck themselves chasing FOMO. But it also makes me wonder if this sets a precedent for other countries. What’s your view: sensible guardrail or overreach?
The FCA is reportedly preparing to ban retail crypto purchases using borrowed funds like credit cards. The stated goal is to protect consumers from over-leveraging. Personally, I think it’s a smart move — we’ve seen too many people wreck themselves chasing FOMO. But it also makes me wonder if this sets a precedent for other countries. What’s your view: sensible guardrail or overreach?