Andre!
vip

South Korea's FSC Proposes Ban on Crypto Credit Card Purchases



South Korea's Financial Services Commission has proposed an amendment to the credit finance act that would prohibit citizens from purchasing cryptocurrencies with credit cards. The amendment aims to prevent local traders from buying crypto on foreign exchanges due to concerns about illegal fund outflows, money laundering, and speculative behavior. Public feedback on the proposal will be collected until February 13, with implementation expected in the first half of 2024
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)