Bitcoin Forum

http://www.coindesk.com/taiwan-regulators-block-robocoin-bitcoin-atms/

when its no currency, the "regulators" should go away  ::)

hopefully the company does it anyway.

I don't understand why these Taiwnese have so much problem with BTC, when their counterparts in Hong Kong made it clear that not even a formal permission is needed to install the Bitcoin ATM.  >:(

I guess Taiwan is heavily influenced by China?
They could regulate, tax and have a profit but no, hey, let's ban it!

I don't think Taiwan in any way is influenced by China last time I checked.....

Taiwan is China

Taiwan is china's b**** according to a friend i have living there

I don't think that's the case, Taiwan (The Republic of China) and China (The Peoples Republic of China) do not have good relations, both claiming sovereignty of the whole of China.

State terror is good for bitcoin. Governments and banks and economists are telling that bitcoin is evil because more and more people realise that governements, banks and Fiat is evil.

"Fiat money is backed by men with guns, bitcoin is not. So, why should this thing have any value?" Krugman

This is the ethics of the minions of the system.

You can bet your bottom dollar on this one that China issued the order.

They are definitely just buying up as much Bitcoin/Cryptos privately for their own future while trying to keep the

economy as a whole from joining in on the party, also this will act to keep their US dollars holdings stronger which also

in turn will allow them to buy more coin  :)

If the Chinese communist party is buying up Bitcoin behind the scenes it is definitely backed by men with guns!

When the switch flips in 5 years and all of a sudden Bitcoin becomes legal in China it will be very unsafe then to say a bad thing about it.

And hacking coin will definitely be a death sentence for you and your whole family.

Ahh yes makes sense, because bitcoin is NOT a currency, providing services around it requires permission from the financiën supervisory commission...
I need FSC permission too for my hotdog stand now?

You are clearly a money transmitter  :D

No way China-PRC is involved. Taiwan have monetary sovereignty. They can convert to foreign currency without restrictions, their policy is radically different to that of China mainland.

who can tell me what's Robocoin in short?

Taiwan is not China but this does not mean it is different from China. Maybe their government sucks exactly like china one.

Well, it depends. Hot dogs have resale value and are therefor just another national currency token ("NCT"). Should you issue hot dog vouchers ("HDVs"), you would obviously need to register as a MSB (or US equiv.). Especially with the implementations of smart property in alternative protocols, there is a high probability of HDVs developing an underground market where pedophiles and terrorists sell HDVs for national currency to fund their activities. You will need to implement AML/KYC/BSA protocols for your business and do thorough checks on your customers, enforcing non-transferrable rules by yourself.

Looking at everything as an NCT, caterers are basically the most extreme of money-launderers, taking NCT from one person ("payment") and distributing ("feeding") NCT to unverified individuals who, say, show up to some underground rape/murder/terrorism party. You may just call it a wedding, but without doing AML/KYC checks on your friends and relatives, there's really no way to tell whether or not those hors d'oeuvres are supporting terrorism and sexual child exploitation. Being a responsible citizen, you must assume they are.

Google.

And at the next senate discussion about hot dogs there will be a missing and exploited children representant

It is just hilarious that they want to stop the machines - as if this will do anything significant. They will just accelerate personal interest - which they can't stop

Reminds me of the comment of one Chinese economist that PBOC calling Bitcoin not a currency is like McDonald saying KFC is not a fastfood shop.

they want the machines to mine the coins

Watch this video. Everything is crystal clear.

http://www.youtube.com/watch?v=0SidcjCLrQM

We don't need Taiwan because we have the rest of the world.

Exactly. Already Switzerland, Germany and many other smaller nations have legalized Bitcoin. The rest will follow.

The population of Switzerland is 8 million and Germany is 82 million. The population of Taiwan is 23 million and China is 1.35 billion. It would be nice if it was the other way around. I'd give up Switzerland for China. The city of Guangzhou, China has 4 million more people than the country of Switzerland.

If we don't want users and are just looking at wealth then we need to get the tiny countries of Qatar (2 million) and Luxembourg (500 thousand people) on board.

That rampant HODL mentality is what made them consider bitcoin not be a currency but a speculative virtual commodity.

Too bad to see these harsh restrictions.  Hopefully it's not a sign of things to come from other countries.

China is heavily influential in Taiwan...

http://en.wikipedia.org/wiki/Capital_punishment_in_Taiwan

Read the first two lines.

Bitcoin is just 5 years old! So I will not complain at all. Switzerland and Germany is better than nothing at all. And I'd rank the German economy on par with the Chinese one.

Germany is a good one but it would be nice if we can get the larger ones too. GDP of Germany = 3.4 trillion USD, GDP of China = 8.227 trillion USD, GDP of USA = 15.68 trillion USD.

People had been hodling gold since time immemorial yet it was beyond doubt a currency.