The UK regulators are looking to ban the use of borrowed funds to buy digital assets as part of a wider effort to regulate the fast-growing digital assets market and protect consumers from what they consider “debt and financial harm.”

As a result, UK citizen might lose their ability to buy bitcoin with credit cards.

The Financial Conduct Authority (FCA), the UK’s top financial regulator, has proposed a new rule that would stop people from using any kind of credit – credit cards, personal loans or lender financing – to buy digital assets like bitcoin.

The proposal is open for comment until June 13, 2025 and is outlined in a new discussion paper (DP25/1) published…

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