Regulator floats ban on borrowing to buy crypoassets

The FCA is asking firms and other interested parties whether it should restrict the use of credit cards to buy most cryptoassets as part of the regulatory framework it will propose later this year.

By Neasa MacErlean

Citing research which showed that growing numbers of crypto-purchasers - now 14 per cent - borrow in order to buy, the regulator asks if this should be stopped for cryptoassets where the value is potentially volatile.