Financial department officials in Taiwan want to ban the purchase of cryptocurrencies from banks with credit cards.
According to the news that emerged yesterday, Taiwanwith credit cards from the banks of the financial department officials in crypto- money purchase was discussed. The Taiwan Financial Supervisory Commission released a report on banking industry association earlier this month. According to the published statement, banks are asked to stop the service of purchasing virtual assets from their credit cards.
Buying Cryptocurrency With Credit Cards May Be Banned In Taiwan
According to Forkast, a digital media platform based in Hong Kong, Taiwan In Turkey, it is desired to prevent the purchase of crypto money with credit cards. Last July, certain rules were put into operation for cryptocurrency service providers in the country to combat money laundering.
Authorities planning the aforementioned ban think that credit cards should serve users as a payment tool for consumption. That’s why it’s desirable not to be allowed to use cards in an uncertain trade.
Authorities gave credit card users three months to adapt to the new rules and make various adjustments.
Finally Taiwan It is very focused on its work on a central bank digital currency (CBDC). It even completed its trials in technical simulations with several prototypes in June.
