FSC

South Korea’s FSC Proposes Ban On Credit Card Payments For Crypto
Crypto

South Korea’s FSC Proposes Ban On Credit Card Payments For Crypto

South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has proposed an amendment to the Credit Finance Act, which aims to effectively prohibit local citizens from purchasing cryptocurrencies with credit cards. In a Jan. 3 legislative notice, the FSC cited concerns about money laundering and illegal outflows that could come with South Korean […]

Jan. 4, 2024