What is the impact of the 524 rule on the cryptocurrency market?

1 answers

• Theppitak M.Oct 31, 2022 · 3 years ago
  The 524 rule, although not directly related to the cryptocurrency market, can have an impact on it. This rule is primarily used by credit card issuers to assess the creditworthiness of applicants. If an individual has opened more than 5 credit card accounts in the past 24 months, they may be seen as a higher credit risk and may have difficulty obtaining new credit cards. As a result, their ability to invest in cryptocurrencies using credit cards may be limited, which could potentially affect the overall demand and trading activity in the cryptocurrency market.
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