Buying crypto with credit cards 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...