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Taiwan to Prohibit Purchasing Crypto With Credit Cards (Report)

As a result, the regulator intends to prohibit the use of credit cards for crypto purchases.
Taiwan to Ban Credit Card Crypto PurchasesAccording to local reports, the FSC sent a letter to Taiwan’s Association of Banks earlier this month, asking credit card companies to stop facilitating payments for crypto-related merchants.
The report added that credit card providers who currently service crypto merchants have three months to comply with the FSC’s requirement.
In June 2022, Taiwan’s central bank reportedly warned against investing in non-fungible tokens (NFTs) because the NFT market is full of fake transactions.
Taiwan to Launch CBDCDespite its stringent stance against crypto assets, Taiwan is on the verge of launching a central bank digital currency (CBDC).

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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