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《Financial Times》: UK Regulatory Authority Plans to Ban Retail Investors from Borrowing to Invest in Cryptocurrency

BlockBeats News, May 2nd. According to the Financial Times, the UK's financial regulatory authority is planning to ban retail investors from borrowing to invest in Bitcoin and other cryptocurrencies, as part of an attempt to bring the rapidly growing digital asset market under regulation for the first time. Restrictions on cryptocurrency purchase loans are part of a series of comprehensive rules released by the Financial Conduct Authority on Friday, just days after the UK government proposed legislation targeting the digital asset market.

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The financial system is badly in need of modernization, and Crypto is one of the technologies that can help achieve this goal. Hopefully, the United States will establish regulations and laws regarding Crypto.
It follows a stark warning from the FCA that consumers investing in cryptocurrencies face a "very high risk".
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