The United Kingdom government do not want people to borrow money and use it for crypto investment. Retail investors are targeted and not institutions.
LONDON, May 2 (Reuters) - Britain is to restrict consumers' use of credit cards to buy crypto and their access to crypto lending products, the regulator said on Friday, a move aimed at improving protection as cryptoassets are regulated for the first time.
Is this not easy to bypass?
I think this is another way of making their citizens lack freedom of doing something.
Restrictive actions like this are only going to push people more towards freedom aka. Bitcoin. That is the way I see it.
So go ahead, government. Shoot yourself in the foot. The people will not sit idly by forever while their freedom is being taken away from them.