The measures were published in a communication covering several industries in which credit card use was limited or prohibited. The section referring to cryptocurrency reads:
“Acquisition of Bitcoin and cryptocurrencies: It is prohibited to purchase BTC with this payment method. The only remaining alternative for this investment is to do so with funds transferred from a bank account.”
It is unclear whether the rules apply only to credit cards or if this includes debit and prepaid cards.
The BCA says that these measures are critical to preserving the country’s foreign exchange reserves. Read More ...