The aim of the UK Ministry of Finance is to limit the use of credit cards when buying crypto.
According to the new Reuters reportThe aim of the Financial Management Authority (FCA) is to reduce bad actors while supporting legal projects.
“We are considering a variety of restrictions, including limiting the use of credit cards for direct purchase of cryptocurrencies and the use of the credit limit for the e-money company.”
FCA would still allow consumers to buy stable by credit card.
However, FCA says that crypto investors should be ready to lose everything when contributing to digital assets.
Earlier this year, FCA Ban Crypto moved to ads, managing to reduce ads by 50%.
FCA claims that it is now forbidden to regulate advertising with technology companies “good progress”, but is still concerned about the prevalence of fraud and fraud on the web.
“Many social media sites have now banned FCA authorized companies' financial services paid for UK [take] An action against those we find in violation of our rules. ”
If search Feedback on the crypto regulation in February, said David Geal, CEO of FCA Payment and Digital Finance:
“Crypto is a growing industry. Currently, we are largely unregulated, we want to create a cryptocurrency mode that gives companies clarifying what they need safely upgrades while providing the appropriate level of market integrity and consumer protection.
Our goal is to lead crypto's sustainable long -term growth in the United Kingdom. We ask if we have a balance right. ”
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