News Snapshot:
According to a recent report, Taiwan is getting ready to prohibit all credit card purchases of cryptocurrency from banks. The Financial Supervisory Commission (FSC), the nation’s financial watchdog, has directed credit card issuers to cease all transactions with digital asset exchanges. Taiwan’s Regulatory Body Issues Letter to the Local Bank Association Early in June, the FSC delivered a letter to the banks’ association warning them about the dangers of dealing with digital assets. In addition, the regulator also requests that credit card companies avoid adding cryptocurrency platforms as vendors. Furthermore, the FSC also stated that people could not use credit...
