Financial Times: UK regulators plan to ban retail investors from borrowing money to invest in cryptocurrencies

BlockBeats News: On May 2nd, according to the Financial Times, the UK financial regulatory agency plans to ban retail investors from borrowing money to invest in cryptocurrencies such as Bitcoin. The agency is attempting to bring the rapidly growing digital asset market under regulatory jurisdiction for the first time. The restrictions on cryptocurrency purchase loans are part of a series of comprehensive rules released by the UK Financial Conduct Authority on Friday, just a few days after the government proposed legislative plans for the digital asset market.