Crypto Purchases Using Credit Cards To Be Banned In Taiwan: Report

Crypto Purchases Using Credit Cards To Be Banned In Taiwan: Report


Bitcoinist
2022-07-23 12:48:14

Cryptocurrency transactions using credit cards will no longer be allowed in Taiwan, as the island nation’s watchdog believes digital currencies are risky and speculative assets, local reports disclose. In a letter sent to the banking industry association earlier this month, Taiwan’s Financial Supervisory Commission urged them not to extend “merchant status” to digital asset providers […]