Taiwan Financial Supervisory Commission (FSC) has announced that it wants to stop the use of credit cards in cryptocurrency transactions.
According to local news sources Taiwan financial regulator FSC, It wants to end the practice of using credit cards for cryptocurrency purchases.
FSC, Friday, July 22 in a statement to Forkast News. july to the country’s local banking association earlier this month, a letter asking credit card agencies to stop accepting cryptocurrency platforms as customers Said he sent it.
In the letter, the regulatory agency warns of the risks associated with virtual assets. and credit card companies to comply with new requirements for Three months given time was stated.
According to the news, credit cards financial investment and speculative trade rather than as a method for a means of payment for consumption thinks it should serve as FSA, online gambling, stocks, futures, options and other transactions of credit cards stressed that it cannot be used for
Playing an active role in the cryptocurrency industry Taiwan‘of, ChineseAfter ‘s attitude towards cryptocurrencies, the region’s new crypto hub was thought to happen.