The Britain stops borrowing consumers to buy cryptoms

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The UK finance Watchdog plans to stop borrowing money to borrow money to crept crebints such as Bitcoin to save most of the most developing digital assets market under adjustment control.

CRYPTO Purchases Loan Restrictions are part of the broom set of rules Was marked by the financial behavior organization on Friday, a few days after the government plans to legitimize for the digital asset market.

“Crypto is the area of ​​potential growth for the United Kingdom, but it is necessary to make it right,” said David Geale, FCA Executive Director and Digital Finance Director, said their financial time. “We must provide the appropriate level of protection to do this.”

Dismissal of active companies of some cryptists, who are enemies of some crypthole, “I would compare it with less risky investments in some roads … We are open to work.”

FCA offers aims to bring most of Crypto market Trading platforms, intermediaries, cryptois active lenders and under the regulation remit, including borrowers and decentralized financial systems. Plans apply a collection of very harsh rules for crypto services relative to retail investors only relative to professional or advanced investors.

“We started to develop something safe and competitive,” he said. “If we can get the regulation mode properly, it becomes attractive to companies. This is what we are trying to achieve.”

FCA plans to restrict credit cards to finance credit cards to finance credit cards to consumers to finance credit cards to finance credit cards.

British financing increased more than 6 percent last year than 6 percent in the last year than the borrowing of Crypto purchases.

FCA said that retail investors plan to prevent retail investors from accessing specialist crypto and borrowers Celsien’s network In 2022, among a broader crisis in the sector.

The regulator, market manipulation, conflict of interest, malfunctions, transparency, including the lack of reluctance and invalid trade systems, listed a number of concerns related to trade crypto.

To solve some of them, FCA will demand cryptoic trading platforms to treat all trades, separate their own property trading activities and ensure transparency related to the price and implementation of businesses.

This will require all companies to offer trading platforms for ordering and offering Crypto trading to the UK’s consumers to operate in the country.

In exchange for the return, consumers parking Crypto services with “stoming services” should be paid for a loss resulting from third parties.

Centralized financial systems that do not have a centralized operation and clean computer code lines, will be exempted from new FCA rules if there is no “cleansing man”.

“Most of the cryptists will remain highly risky – speculative investments and consumers have lost their goals, if the consumers receive all their money,” he said.

Crypto companies annoyed by FCA with a high rejection account in the regulatory registration scheme in accordance with the rules of money.

The regulator rejected 86% of such applications until 2024 to 2024, but in the last fiscal year the ratio fell 75 percent.

Crypto leaders focused on the protection of FCA consumers.

“As a regulator, as a regulator regulates the FCA cryptoist market, as they have begun to confirm the massively, I give them a careful seal.”

Riccardo-Ricchi, the director of the commercial body, the director of politics and government, said: “The government says it is open to this work, but in a practical point of view, it will be difficult to carry out it – there is no easy job.”

Companies will meet the proposals of FCA by June 13.