UK Tightens Crypto Rules: Credit Card Purchases Banned

The UK’s Financial Conduct Authority (FCA) has announced a major crackdown on cryptocurrency purchases. Retail buyers will be prohibited from using credit cards to buy cryptocurrencies, marking a significant shift in regulation. This move aims to prevent individuals from borrowing funds to invest in digital assets through credit lines. The FCA is also restricting access to crypto lending solutions, which previously offered an alternative way to invest using borrowed money.