Bitcoin is Illegal in Taiwan (China)

[Amph]

Some day I'm going to Buy Taiwan with bitcoin.

lol, anyway they can simply wait for bitcoin to be mainstream, and move funds abroad without the police do shit about it

simple as that, when bitcoin will be spend directly for everything there is no government that can stop it

[Mickeyb]

Who gives a crap about Taiwan? All they are doing is shooting themselves in the foot and doing so that they will miss on the biggest possible revolution in financial world.

If I had to choose of EU recognizing us and giving us some legality and Taiwan banning us, let it then be exactly like this. Taiwan banning us. Their problem not ours!

[spazzdla]

The east is so damn oppressive.. it's saddening.

[sgbett]

http://haschinabannedbitcoin.com

[kokojie]

The east is so damn oppressive.. it's saddening.

Yes, the mindset is basically anything that's new and inordinary, banned first, ask questions later. Watching porn is still banned in China, you can be arrested just for watching porn in your home. (This has happened several times). One guy got 20 years in prison in China, for operating a porn website (servers were in the US, not even in China)

[n2004al]

Here we go again: http://focustaiwan.tw/news/aeco/201511020025.aspx

It is a stupid thing, argued with stupid reason (or better without any reason) and it is an emotional decision. Maybe they think that with this act will stop bitcoin there and will stop the future events like this which caused this ban. Are only illusions. Who want to make bad find thousand ways to realize that. Bitcoin was one way and which paid was it. Have any meaning. I think that in the future they will rethink this decision. Being an province of China and seeing the situation of bitcoin there, cannot be otherwise.

[spud21]

They have to pass laws to make anything illegal, and that takes considerable time. They can't declare anything illegal in 5 seconds. Maybe they now say it's not 'legal tender' like in Russia, but they can't immediately declare it illegal. The whole story has been exaggerated by the news outlets, and in a few days I'm sure we will start to see more rational reporting instead of headline grabbing misrepresentations.

[Uses]

Those countries are closely related so I'm not surprised that Taiwan has stopped accepting BTC

[n2004al]

So bitcoin is not illegal at Taiwan. Was the same person which declared the opposite of that has declared some days ago. So there is a very high sign of seriousness of this kind of governor. How can trust people persons like him? Cannot have words to do other interpretations. Can be other words to comment such kind of news? The same person tell opposite words within days about such important things. With the same easiness like speaking with him's wife about the new television to buy...

See for more this article: http://bitcoinnewsy.com/bitcoin-news-taiwan-fsc-minister-says-bitcoin-considered-commodity-not-banned-or-regulated/

[MaxTax]

That sucks for all the bitcoin holders in Taiwan.

It is not controlled by any country or banking authority.

This is exactly why countries are banning bitcoin.

[Wilhelm]

That sucks for all the bitcoin holders in Taiwan.

It is not controlled by any country or banking authority.

This is exactly why countries are banning bitcoin.

A world with no government (anarchy) is a bad thing. I'm not saying bitcoin is bad or fiat is good.
I can understand countries\governments having to figure out how to coexist with bitcoin.
Questions like how to raise tax so you can pay for roads or hospitals.

Banning bitcoin might be a way for them to buy time to figure out how they want to restructure.

[sana9821]

thats not good news i guess i mean there will be less interest in bitcoins then from other people when such stuff happens

[bitcoin-hunter]

These nazi regimes are corrupting their own country. These kind of policy's are only implemented by shady governements who see bitcoin a competitor for their own shady businesses.

[ajareselde]

thats not good news i guess i mean there will be less interest in bitcoins then from other people when such stuff happens

lol no government entity can influence on bitcoin, just like they can't do sh*t about any p2p service. They can ban whatever they want, noone gives a damn.
Don't believe everything news say, it's only a matter of time when everyone will realize that bitcoin is actually the safest thing to have and use.

[Wilhelm]

.... it's only a matter of time when everyone will realize that bitcoin is actually the safest thing to have and use.

Lol

That's like saying don't trust banks it's safer to have all your cash at home under your mattress.

Ever realize what will happen in a 100% bitcoin world when someone threatens you and steals your private key.
No police and no government to help you cause they've ceased to exist because you can't force people to pay tax...
Yep you end up dying in a gutter....

Bitcoin is as good as cash money or as gold. Want to have it, you must protect it. It should be valued and used as such.

Bitcoin will not replace the world economy in it's native form. It could function as a reserve currency for the banking system or as a cash replacement.

[MaxTax]

That sucks for all the bitcoin holders in Taiwan.

It is not controlled by any country or banking authority.

This is exactly why countries are banning bitcoin.

A world with no government (anarchy) is a bad thing. I'm not saying bitcoin is bad or fiat is good.
I can understand countries\governments having to figure out how to coexist with bitcoin.
Questions like how to raise tax so you can pay for roads or hospitals.

Banning bitcoin might be a way for them to buy time to figure out how they want to restructure.

That's true. I'm hoping that they will change their minds in the future. Criminals misusing bitcoin is one of the reasons why they're banning bitcoin as well.

I'm hoping they will find a way around that so that we can all make us of the bitcoin without getting into too much trouble.

And you're right, A world with no government (anarchy) is a bad thing. There needs to be a balance beteween the two.

[jehst]

https://www.reddit.com/r/Bitcoin/comments/3srocr/taiwan_financial_regulator_says_bitcoin_isnt/

The Taiwanese government says it's not banned.

[Tstar]

http://haschinabannedbitcoin.com

That's a good way to state very clearly that such news are only bullshits! I still don't understand how to ban bitcoin: they could stop buying/selling from exchanges but other than that what can they do?

[jehst]

The Taiwanese government says bitcoin is NOT banned. Bitcoin is LEGAL in Taiwan.

http://www.coindesk.com/taiwan-finance-regulation-bitcoin-ban/

[AndySt]

It was only the opinion of a government official. And the government was carefully weighing the circumstances decided not to make hasty and sudden movements.