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South Korea Proposes Ban on Credit Card Crypto Purchases
9.1.2024
Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten Crypto Regulations with Proposed Credit Card...
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
4.1.2024
The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."
South Korea Proposes Ban on Crypto Purchases with Credit Cards
4.1.2024
Source: Pixabay / viarami South Korea’s Financial Services Commission (FSC) has announced a proposal to amend its Enforcement Decree of the Credit-Specialized Financial Business Act, aiming to ban crypto purchases with credit cards. The proposed amendment plans to restrict the use of credit...
Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 – Will BTC Keep Falling?
16.12.2023
Bitcoin (BTC), the pioneering cryptocurrency, currently faces a downtrend, slipping below the pivotal $42,000 mark, trading at $42,200 with over 1.50% decrease. This movement prompts questions about Bitcoin’s future trajectory and whether this bearish trend will persist. Amidst these...
Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment
8.10.2023
Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often happens when you want to pay with cryptocurrency in...
Robinhood buys credit card fintech X1 for $95M
22.6.2023
In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms
How to use credit cards wisely to avoid debt
9.6.2023
Discover effective strategies and best practices to use credit cards wisely and avoid debt
Amex planning to use AI for ‘approving cards and lines of credit’
29.5.2023
American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services
C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking
14.4.2023
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more...
PayPal and the credit card industry are taking advantage of consumers
4.4.2023
Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees
HSBC, Nationwide Impose New Restrictions on Cryptocurrency Purchases in UK
3.3.2023
HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority (FCA), the British regulator overseeing the financial services industry, regarding the risks involved in purchasing...
UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report
2.3.2023
The banks join a growing list of financial institutions in the country tightening restrictions on digital assets
Bit2Me and Mastercard launch debit card with crypto cashback
10.2.2023
The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback
Credit cards can bridge Web2 to Web3, says music industry exec
30.1.2023
As decentralized finance continues to become more mainstream, traditional financial tools can serve as a bridge from Web2 to Web3 for those who still remain skeptical
Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO
25.1.2023
Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since
Uniswap to allow users to buy cryptocurrency using debit and credit cards
20.12.2022
Users of the decentralized exchange will also be able to use bank transfers to purchase crypto
Visa Terminates Agreements With Bankrupt Crypto Exchange FTX
15.11.2022
Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.” Visa Ends Agreements With FTX Visa Inc., the world’s...
Visa's trademark applications suggest more involvement in crypto space
27.10.2022
The company's trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs
Japan’s International Payments System will test plastic cards for CBDC
24.10.2022
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace
Mastercard taps Paxos to launch crypto trading for banks
17.10.2022
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services