Buying crypto with credit card is now indirectly banned in Taiwan
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling. Taiwan’s Financial Supervisory Commission (FSC), a chief financial regulator, issued a note to the banking industry, indicating that they should not grant the virtual assets providers (VASPs) the status of merchant in operations with credit card holders. That means a de-facto ban on buying crypto with a credit card on the island. As the local media reported on Thursday, July 21, The Financial Supervisory Commission sent a letter to the Association of Banks in early July, reminding the....
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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 […]
Indacoin is a cryptocurrency exchange that allows you to buy bitcoin quickly and easily with a credit card. They also have an exchange with bitcoin litecoin and ethereum / USD pairs with up to 5x leverage. Let´s have a closer look at what they offer. Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countries with a credit or debit card and no registration. Buying Bitcoin at Indacoin. To buy bitcoin with a credit card all you need to do is go to the buy bitcoin page and enter your card info. If it’s the first time you use the card, you will receive a....
Prepaid credit cards are not new. However, a prepaid credit card that can be funded with bitcoins is. The BitcoinCard is a credit card that can be funded via BTC. Don't get too excited though, as this card does not let you transmit bitcoin via the card. Despite the website's UK top level domain, the company informed us that the card primarily holds Euros. When we contacted The Bitcoin Company, who are offering this card, a representative told us: "The card works as a normal prepaid credit card. The difference is users can buy it with bitcoins, and fund it with bitcoins." It's not clearly....
UK-based bitcoin buying and selling service Bittylicious has announced that EU citizens can now use Visa and MasterCard credit and debit cards to buy BTC via its platform. Launched in June 2013, Bittylicious quickly grew in popularity among UK bitcoin users due to the difficulty posed by trading through popular international bitcoin exchanges. Marc Warne, founder and director of Bittylicious, framed the new service as an extension of Bittylicious' goal of improving the experience of site users, saying: "Bittylicious is designed to make the Bitcoin buying process as simple as possible, so....
Buying Bitcoin for the first time remains a major struggle for novice digital currency users. Even though there are plenty of exchange platforms to choose from, as well as peer-to-peer solutions such as LocalBitcoins, people want more convenient options. Simplex is a new startup that wants to facilitate the purchase of Bitcoin through credit cards. Simplex Unifies Bitcoin And Credit Cards. For quite some time now, a lot of people around the world have been looking to buy Bitcoin with their credit card in a convenient way. But there is a valid reason so few Bitcoin exchanges are dealing....