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Financial Times: UK regulators plan to ban retail investors from borrowing money to invest in Crypto Assets.
On May 2, according to the Financial Times in the UK, the UK financial regulatory body plans to prohibit retail investors from borrowing money to invest in Bitcoin and other Crypto Assets. The agency is attempting to bring the rapidly rising digital asset market under regulatory oversight for the first time. The restrictions on loans for purchasing Crypto Assets are part of a comprehensive set of rules released by the UK Financial Conduct Authority on Friday, just days after the UK government unveiled legislative plans for the digital asset market.