The UK's Financial Conduct Authority has proposed banning the purchase of encryption assets through credit.

[The UK Financial Conduct Authority proposes to ban the purchase of digital assets through credit] The UK Financial Conduct Authority (FCA) proposes to ban the use of any form of credit, including credit cards and loans, to purchase digital assets, citing the increasing consumer debt associated with the high Fluctuation of digital assets. Recently, a survey commissioned by the FCA and conducted by YouGov found that by August 2024, 14% of cryptocurrency users in the UK will use credit to purchase digital assets.