Tagtaiwan bitcoin

Taiwanese Regulators Now Take a Refrained Approach to Bitcoin

Following recent reports wherein the Taiwanese Financial Supervisory Commission (FSC) Chairman deemed Bitcoin deemed bitcoin illegal, the FSC and the country’s central bank now vide the cryptocurrency as a commodity. The two authorities will also step back from trying to manage bitcoin transactions. The stance is certain to be met with relief among Taiwanese bitcoin adopters. The chairman of the...

Bitcoin Declared Illegal in Taiwan

Taiwan ICO

The Chairman of the Financial Supervisory Commission (FSC) has declared Bitcoin to be illegal in Taiwan, following a recent high-profile kidnapping accident involving ransom demands made in Bitcoin. Despite the mainstream adoption of Bitcoin by a largely tech-savvy population in Taiwan wherein citizens have the means to buy bitcoin in popular convenience store chains, the Taiwanese FSC has today...

Taiwanese Can Now Buy Bitcoin at 2986 Family Mart Convenience Stores Thanks to BitoEx

BitoEx has a new solution for buying Bitcoin in Taiwan that will be familiar to Taiwanese Bitcoin users. "Things have changed in the last 6 months," according to Jason Gatewood. Gatewood has filmed a descriptive Youtube video that details the buy process now available to 20+ million Taiwanese. Some countries and continents, such as Africa, are getting Bitcoin access through existing mobile...

In Opposition To The Taiwanese Government, A Lamassu Bitcoin ATM Stands Fully Functional In Taipei

On 3/25/14, a Lamassu Bitcoin ATM was revealed in Taipei, Taiwan at the Gelateria Cosi o Cosi ice cream shop.  The Gelateria is the first official place to spend Bitcoins in Taiwan and it is fitting that Taiwan's first Bitcoin ATM should end up there.  The presence of this Bitcoin ATM flies in the face of Taiwanese government official Tseng Ming-Chung, who earlier this year said: ...it is...

Taiwan's Financial Supervisory Commission Says No To Bitcoin ATMs

Yesterday, Robocoin's blog revealed that Bitcoin ATMs were to be revealed in Hong Kong and Taiwan by the end of the month as part of a global expansion program building on the success of the first Bitcoin ATM in Vancouver, Canada. In prompt response, the head of Taiwan's Financial Supervisory Commission (FSC) Tseng Ming-Chung [Pictured above] issued a statement essentially banning Bitcoin ATMs...

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