Can bypassing Financial Supervisory Commission regulations for buying crypto with credit cards be possible? OdenDing pushes a Wallet Pro crypto-purchase service with U.S. debit cards

OwlTing launches OwlPay and Wallet Pro services. By partnering with global payment giants and using stablecoin technology to enable B2B cross-border payments, it also leverages the advantages of offshore entities to connect with international financial systems.

Shifting from e-commerce to fintech—OwlTing’s cross-border payment strategy shows ambitious intent

Taiwan’s well-known blockchain company OwlTing (OwlTing) successfully listed on the Nasdaq in the United States last year via a Direct Listing, with the stock ticker OWLS.

The company’s transformation is quite significant. It began in the early days as an e-book platform called “EboooK,” and later expanded into small-farmer e-commerce and blockchain traceability systems. Over the past decade, OwlTing has continued to try to bring blockchain technology into real-world applications—ranging from early efforts to help the government establish traceability records for forest products, to later applying the technology to booking inventory management in the hospitality industry. At this stage, OwlTing is fully shifting its focus to fintech and has launched its flagship cash flow service product, OwlPay.

The company has positioned itself as a fintech firm and, through partnerships with international investment institutions such as Japan’s SBI, aims to build the infrastructure for stablecoin payments. OwlPay is mainly focused on enterprise-level B2B cross-border payments. It uses stablecoin technology to improve transfer speed and reduce fees, with the goal of addressing the dilemma of traditional banks’ cross-border settlement taking days and being overly complex in terms of programming. What OwlTing is presenting to the market is a vision to build an “Asia version” of the payment giant Stripe. Its development logic is to extend blockchain’s ability to prevent “double spending,” moving from agricultural traceability and hotel inventory management to cash-flow settlement. This strategy of shifting from on-the-ground applications to core financial services enables it to display a distinct business path in a highly competitive blockchain industry.

Wallet Pro links international payment rails, and its technical architecture enables buying crypto across borders

Wallet Pro, the personal payment wallet launched by OwlTing, is an important real-world move as it enters the virtual-asset retail market. The product’s core competitiveness is built on its cooperation with international payments giant MoneyGram, with its use cases focused on migrant worker remittances and individual cross-border fund flows.

Using blockchain technology, Wallet Pro allows users to buy $USDC stablecoins with cash at specific physical retail locations and then make international transfers. The biggest technical highlight of this product is that its architecture directly connects to the Visa Direct system, and it is clearly marked as supporting transactions using “U.S.” signature debit cards.

This model demonstrates OwlTing’s offshore entity advantage as a company listed in the United States. Through direct connectivity with international card networks, Wallet Pro can handle fund flows originating from U.S.-issuing institutions, thereby enabling an interface between virtual-asset settlement systems and traditional fiat settlement systems.

Although the service is currently designed for signature cards issued in the United States, its core technical logic shows the possibility of providing users with an asset conversion pathway via offshore compliant channels. This design reflects the company’s flexibility in product strategy, and it attempts to find more efficient funding-in routes for the use of virtual assets within the existing international financial network.

Avoiding domestic regulatory restrictions—offshore service entities challenge the boundaries of legal jurisdiction

OwlTing’s U.S. signature-card crypto-buying service has triggered deep discussions in the market about regulatory boundaries. Since this business directly connects to the Visa Direct system and supports U.S. signature debit cards, its nature is that of an offshore transaction service.

Against the backdrop of the Taiwan Financial Supervisory Commission’s strict policy of banning domestic banks’ cards from engaging in virtual-asset transactions, OwlTing’s model offers a technical solution. This business is deemed cross-border services provided by an offshore company, not merely a domestic business, and therefore can operate outside the specific regulations currently applied to Taiwan virtual-asset service providers (VASP).

The Financial Supervisory Commission’s regulatory scope primarily focuses on domestic companies and businesses providing services within Taiwan. For business operations conducted by domestic companies offshore and that interface with foreign financial systems, it is typically beyond its jurisdiction. When users use a U.S. signature debit card, the resulting transaction activities fall under the U.S. financial regulatory framework, not within Taiwan’s jurisdiction.

This “offshore service, domestic use” model is a strategy currently adopted by many fintech companies with international backgrounds. In response to external doubts, OwlTing’s CEO showed a tough stance, emphasizing that if media or individuals distort information, it may constitute misleading market conduct. This reflects the company’s determination to protect the legality of its cross-border business and its market image.

Virtual Asset Services Act draft approved—new pathways for offshore players to enter the market

On April 9, 2026, the Executive Yuan officially approved the draft of the “Virtual Asset Services Act,” symbolizing a new stage in Taiwan’s virtual-asset industry as it moves toward rule-of-law and regulated management. The bill categorizes virtual-asset service providers into seven major groups: trading platforms, exchange operators, transfer service providers, custodians, asset issuers, investment advisers, and other announced service providers, among others, and fully adopts a licensing-and-permit system.

The new law imposes strict requirements for asset custody. It explicitly states that stablecoins may not pay interest, and it establishes heavy penalties of up to NT$200 million for fraudulent-related conduct. The publication of this law aims to improve business operations and protect the rights and interests of traders. For domestic operators, it is an especially significant compliance challenge.

• Related news: 2026 latest》Virtual Asset Services Act draft—quick overview: stablecoins, licenses, and penalties fully explained

In an environment where compliance thresholds are raised, OwlTing’s offshore bypass model has sparked open-ended thinking about future market competition. As Taiwan’s virtual-asset regulations become increasingly stringent, will this approach of leveraging offshore entity identity and connecting with international financial infrastructure become the standard playbook for other offshore service providers entering Taiwan’s market?

When domestic operators must bear high compliance costs and business limitations, if service providers with international backgrounds continue to provide more flexible funding-in options through technical means, it will have far-reaching impacts on the local regulatory system and market structure.

The integration of decentralized technologies with international financial networks is continually challenging traditional jurisdictional constraints tied to geography. Market participants will keep testing how accommodating regulations are, seeking a balance between innovation and compliance.