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The UK FCA launches a consultation on the regulation of encryption assets, proposing to restrict credit card investments.
Gate News bot message, the Financial Conduct Authority (FCA) of the UK released a discussion paper on May 2, initiating public and industry consultations on areas such as encryption intermediaries, stake, and lending.
According to CoinDesk, the FCA plans to prohibit retail investors from using credit cards to invest in encryption assets, while requiring trading platforms to implement segregation between proprietary and client trading. This consultation is a continuation of the legislative proposal by the UK Treasury in April, and the consultation period will last until June 13.