The authority said credit cards should serve as a payment tool for consumption rather than a method for financial investment and speculative trading.
The regulator gave credit card acquirers three months to make adjustments to comply with the new requirements.
Meanwhile, Taiwan is mulling a central bank digital currency (CBDC), and last month completed trials of its prototype retail CBDC in technical simulations.
Coindesk also reported on this, referencing the Forkast article as well:
After China's crackdown on crypto in 2021, Taiwan saw a rush of activity and was slated to emerge as the region's new crypto hub. However, the local crypto industry has gone quiet since.
Makes sense, imagine someone buying shitcoins with a credit card. Do not spend more than you have, in case credit cards are shit too.
Coindesk also reported on this, referencing the Forkast article as well:
Taiwan Set to Ban Crypto Purchases Using Credit Cards: Report https://www.coindesk.com/policy/2022/07/22/taiwan-set-to-ban-crypto-purchases-using-credit-cards-report/