Financial Regulator may permit Crypto-to-cash in Taiwan

Financial Regulator may permit Crypto-to-cash in Taiwan

The financial regulator of Taiwan, the Financial Supervisory Commission (FSC) is currently considering to allow cryptocurrency-to-cash transaction at the convenience stores in Taiwan. The chairman of the Taiwanese FSC, Wellington Koo has stated that the transaction involving cryptocurrency-to-cash could be allowed “under daily limits” as proposed by some local cryptocurrency companies to limit the transaction to $3,600.

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