Bitcoin Forum

Its official, Taiwan is now following the foot step of Japan by Encouraging cryptocurrencies.
Saw this on the news; as stated byJason Hsu, a congressman from Taiwan’s


Guys, What's your opinion on this?
Will this changes really boost the economy of Taiwan as they have stated?

I haven't understand why china banned ICO and exchanges? Any reasonable explanations? Sure it will boost taiwan economy but strict regulations are also needed to make the market more trustable.

I'm pretty much doubtful about boosting the Taiwan's economy, it could only help a little bit.
I don't see Taiwan as the country with favorable conditions for cryptocurrencies and ICOs like Australia or Switzerland.

i also can't understand the reason of china banning the ICO i heard china banned ICO because use the bitcoin for illigal activities of the bad elements i think thats not true its only an alibi because china want to regulate bitcoin to handle or control the cryptocurrency sorry if they an offended for my opinion.

Taiwan's law is conservative, I think the encrypted currency in a short time will not have much progress
At present the central government for how to manage the virtual currency has no unified point of view, to promote ICO in Taiwan should be too early

The only thing for huge growth of economics of any country is accepting crypto (including ICO) and regulating them. But not just rejecting everything. I hope Japan and Taiwan would become new motherland for upcoming ICO.

Taiwan is a small place. Not the world's economic center. Not just by the virtual money market will be economic growth. Some people are concerned about Japan. It is a bit too naive to expect people to pay too much attention to Taiwan. Or honestly do the real economy it

These are great news if indeed are official. You never know what China may wake up to, they may even change the rules.

=

they are controlling market to make money

If this news is genuine, it is a great milestone to the Bitcoin Market. For sure that the countries who are early adapters of Bitcoin will be one of the most rich countries in the future. Just like those people who are early adapters of Bitcoin. They are now really rich. Good job for the Taiwan government.

Gov is retard, China is Communism country, they(those communists) hate people to be rich. But they bride a lot, and immigrate to USA, Aus and Canada.

It's great news for crypto-community; one more country becomes tolerant to ICOs and cryptocurrencies. I hope it's long-term.

The Republican Chinese government tries it's best not to copy the people's republican.
That's a complete different authority, even the Autonomous region of Hong Kong is not following the Chinese ban.

 ;D ;D"Gov is retard" this got me laughing.
I think you made a point about the government not wanting people to be rich. Cause looking at it in the normal sense, there is no good reason why they would just disapprove ICOs. If not that they dont want people to be wealthy.

To secure customers. So you unless you are an ICO organizer. What is the role of a government? To provide friendly environment.  But friendly environment is not as it is now. When ICO investors gave their money to ICO organizers and basically get no quarantine they will ever get anything back. I saw even ICOS clearly state, that they are not obliged to make a working game ( ICO was about a mobile video game).


China is just advanced, all governments will follow. They will for sure not stop, since is in their interest that economy booms, but as it is right now they need to do something.

Yes this is good news for the cyto enthusiasts and for the Taiwan. Any idea how much does Taiwan contribute to the total % of the bitcoin ? I hope other countries may follow the Taiwan way in legalizing the bitcoin and not the China way.

Regulations are needed to remove tension of large investors who are still thinking to go in or stay away.

If the news or the rumor is true about Taiwan then it is absolutely positive for the country.

In my opinion Taiwan  does not ban ICO because they want to keep up with modern technology. It's not to boost their economy.

At least the government of Taiwan is going in the right direction of improving their country economy and also trying to catch up with other countries that have already adopted a friendly stance towards crypto-currencies in a faster pace, China will soon regret their decision to ban ICOs and crypto-currencies exchange that operates in their country.

Banning is not a good way to put law about ICOs. Good regulations can be made without banning.

That's a very good news! The tax is similar to Singapore : 17%!
So it could attract some entrepreneurs

Exactly they can made for ICO regulations without banning bitcoin. Anyway this is good news that thailand not banning like China. As this will bring bad to the community if banning bitcoin.

Although not an economic powerhouse it still does international trade and is not a poor area. If Taiwan is successful with crypto there I'm sure mainland China will follow suit - they won't want to be left behind Taiwan

taiwan might be with the better on customs as having of different use of aspects with the strategics initials as measuring returns of mediation from the estate, as might also the use with aggregate policy as exchanging use of offers as the deliverance from the developer of business with the crypto currency.

I think Taiwan realize that banning bitcoin and altcoins will do no good so they just go with the flow. In my own opinion taiwan had already planned what to do to make use of cryptocurrency.

hi dude,do you have links to news about it?
this is a good news, so I'm a little curious

Yeah they should catchup with modern technology, any advance should be good.

Check the new here:
https://www.cryptocoinsnews.com/taiwan-follow-bitcoin-friendly-japan-avoid-china-south-korea-ico-bans/

It is a good news to all people who are involve in cryptocurrecy. Blockchain technology is the next generation investment. I think it will have a good impact in their economy.

Although, its not compulsory they must follow the same foot step but at the same time I see it happening because when Taiwan is taking the decision to be on board, they would have put into consideration what other countries have done and ICO is one key thing they would want to control and if they can't do that which is obvious, the next is to go the route of others.

Because Taiwan needs to grow their economy that's why they didn't let the Crypto to go,Taiwan need to increase the values of their money and they don't want to lose bitcoin and other cryptos ,it is also important to them and Cryptos gives them an easy way.And they also realize that if they ban Cryptos it will be hard for them.

ROC
is
Republic of China
臺灣
Islands of Taiwan is where placed ROC

A country's economy is affected by a world business such as bitcoin, if it can not keep up with bitcoin revenue, there will be a decline in the value of the country's sovereign currency if the majority uses bitcoin as a means of payment
the role of the government is very precise, bitcoin seekers
Just an opinion''

I agree with you. China government's intention I think is to protect their citizens from scams or fraud. And governments all over the world will soon follow China's move to regulate ICO's especially those countries that were fully legalize cryptocurrency and not put any restrictions on ICO's. It is actually a good news for the people of Taiwan and to the crypto community. Taiwan is a small island nation but I know that there are a lot of digital money enthusiasts there. Too good to the Taiwanese for them to participate in token markets so additional country to accept ICO's and also ICO community become bigger and bigger. I hope that there will be no more scams on ICO's. ;D

Which impossible for now, too many scammers around that even some company protects and secured their project alot they where getting attackes that sometimes leada to failed project even they don't want it to happen. What we need is a more advance technology that can protect the ip and website more, as well as knowing the teams capabilities in running a project.

taiwan is against china and they are taking the opposite thing from the china's step. But the important thing taiwan is not china. Because taiwa is the different countries. So i glad to see the more country will try to legalsm the crypto.

http://www.taiwan.gov.tw/images/content/img20160704124156844.jpg

http://www.ris.gov.tw/image/image_gallery?uuid=ddd9f42c-0adb-4eb0-866d-29084eb4cb32&groupId=10157&t=1339745238989

Republic of China is CHINA.

http://www.taiwan.gov.tw/content2.php?p=29&c=48

Ya, indeed China is indeed what they are; always not wanting to involve in things they feel that matter less to them. Sort of like this about them.

But a lot of people were expecting Taiwan to do as China did, because they are from Asia, and it seems China is the mother of Asia countries. Just saying though.

I think Taiwan is doing what I did many years ago - creates a free zone for safe storage of money (Offshore)

Even though if they ban now they need to regulate afterwords because major countries like  Japan, Australia, United Kingdom have already accepted Bitcoin as payment methods. They need to follow these countries because their economic growth will not grow if they stop accepting Bitcoins.

In as much as I feel China is trying to do right for her citizens, I still feel some games are just being played somehow cause I do not see the essence of banning ICOs when they can just be regulated and monitored like Japan is doing.

I know it is crazy for government breathing down the neck of ICOs since that was not even what we wanted initially, but if it can guarantee the safety of some who may be too lazy to make research before investing into an ICO, it is a fair played game.

Taiwan apparently understands the good it will bring and hopefully want to make the best use of it to improve their economy. It is still from a congressman though, so I won't really capitalize on that yet.

If Taiwan follows this route, in future Taiwan can be the ICO hub for South East Asia apart from Japan.

I also do not really understand how the future of Taiwan's country in the future but after this news came I am very happy because there is still a great opportunity for us in finding jobs in this forum. I can only hope that countries that do not forbid ico will be more advanced again in economy and society also live comfortably and prosperous.

Banning ICOs outrightly without first understudying what its all about and identifying the good and the bad by doing their own independent analysis of the subject matter will only send one message and that is they are mere stooges of China. This is not to say they won't still ban ICO as that is what anybody should be prepared for but my thinking is that they would prefer to regulate by putting necessary conditions in place and if all that didn't work, they can consider the option of banning.