⚡️🇬🇧 NEW - The UK’s Financial Conduct Authority (FCA) has proposed banning the purchase of crypto assets using any form of credit, including credit cards and loans, citing rising consumer debt tied to volatile digital assets.

A recent FCA-commissioned YouGov survey found 14% of UK crypto users used credit to buy crypto in August 2024.

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Yet gambling is fine. 🙄

🤡

Trying to plug the holes of their fiat boat

See, I'd get "rising consumer bankruptcies" or "missed payments", but rising debt.. Fucking too right. Nothing wrong with that.

I mean you shouldn't be leveraging while you stack. Buying with credit isn't staying humble