Bitcoin Forum
December 12, 2017, 11:19:57 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: Bitcoin Declared Illegal In Taiwan  (Read 2940 times)
aso118
Legendary
*
Offline Offline

Activity: 1638


View Profile
November 03, 2015, 03:15:45 PM
 #21

That's just being naive in my opinion. What about all ransoms in cash or into swiss bank accounts back in the day? Are they gonna ban cash now too?
Saying they will ban btc is like saying they are going to not let you torrent movies anymore. Sure both are illegal but how many are getting caught with it?

The government doesn't have to state the real reasons for the ban. This ransom demand provides them a convenient excuse to ban Bitcoin.
Taiwan's loss could be other countries' gain. Other countries will benefit from the Bitcoin economy.

1513077597
Hero Member
*
Offline Offline

Posts: 1513077597

View Profile Personal Message (Offline)

Ignore
1513077597
Reply with quote  #2

1513077597
Report to moderator
1513077597
Hero Member
*
Offline Offline

Posts: 1513077597

View Profile Personal Message (Offline)

Ignore
1513077597
Reply with quote  #2

1513077597
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513077597
Hero Member
*
Offline Offline

Posts: 1513077597

View Profile Personal Message (Offline)

Ignore
1513077597
Reply with quote  #2

1513077597
Report to moderator
1513077597
Hero Member
*
Offline Offline

Posts: 1513077597

View Profile Personal Message (Offline)

Ignore
1513077597
Reply with quote  #2

1513077597
Report to moderator
1513077597
Hero Member
*
Offline Offline

Posts: 1513077597

View Profile Personal Message (Offline)

Ignore
1513077597
Reply with quote  #2

1513077597
Report to moderator
Amph
Legendary
*
Offline Offline

Activity: 1722



View Profile
November 03, 2015, 03:19:55 PM
 #22

First Russia and now Taiwan. I don't really understand the reasoning to ban Bitcoin because of this one case.

russia is very big, and their decision could somehow affect the price(but maybe not so much, because many russians don't even know about the bitcoin existence, only hacker there...) but taiwan..

taiwan is very small(not even 24M people there), with or without them, nothing will change
Bitcoininspace
Sr. Member
****
Offline Offline

Activity: 434


View Profile
November 03, 2015, 03:22:16 PM
 #23

First Russia and now Taiwan. I don't really understand the reasoning to ban Bitcoin because of this one case.

russia is very big, and their decision could somehow affect the price(but maybe not so much, because many russians don't even know about the bitcoin existence, only hacker there...) but taiwan..

taiwan is very small(not even 24M people there), with or without them, nothing will change

I just feel sad about the people there who would want to use bitcoin and get into it, and actually have use for it cause of the small transactions fee's.

Now most will obviously not touch it for reasons being declared by higher up idiots who know almost nothing about it. A whole country being banned from using a new technology. GG world.

                                     
                                    ▄██
                                  ▄████
                                ▄██████
                              ▄████████
                            ▄██████████
                          ▄████████████
                        ▄██████████████
                      ▄████████████████
                    ▄██████████████████
                  ▄████████████████████
                ▄██████████████████████
▄███████████▀ ▄████████████████████████
██████████▀ ▄█████████████████████████▀
████████▀
██████▀
████▀
██▀


=
PARETO 

██
 █
██
 █
██
 █
  The first Peer to Peer Financial Content 
& Information Marketplace

██
 █
██
 █
██
 █
  Pre-Sale is now Live,
         with a 39% bonus!       

██
 █
██
 █
██
 █
              WHITEPAPER             
TELEGRAM ■■ FACEBOOK ■■ TWITTER ■■ LINKEDIN
     MEDIUM ■■ YOUTUBE ■■ GITHUB ■■ BOUNTY
ETFbitcoin
Legendary
*
Offline Offline

Activity: 1162



View Profile
November 03, 2015, 03:38:35 PM
 #24

First Russia and now Taiwan. I don't really understand the reasoning to ban Bitcoin because of this one case.

russia is very big, and their decision could somehow affect the price(but maybe not so much, because many russians don't even know about the bitcoin existence, only hacker there...) but taiwan..

taiwan is very small(not even 24M people there), with or without them, nothing will change

That's true taiwan is small country, but bitcoin adoption is very good in there.
There are over 5000 convenience stores and over 2800 family mart convenience store which accept bitcoin.

My country has 10x people than taiwan, but bitcoin adoption in here isn't good. Bitcoin adoption in taiwan is 100x better than in country, so i think without them, something will change.

Raimonn
Legendary
*
Offline Offline

Activity: 994


View Profile
November 03, 2015, 03:42:41 PM
 #25

I can't understand why they want to fight against bitcoin, they need to fight against kidnapping and other crimes, not against a currency. I supose that there are crimes before bitcoin in taiwan, they will not solve it blocking one system of payment.
spud21
Sr. Member
****
Offline Offline

Activity: 342



View Profile
November 03, 2015, 03:52:27 PM
 #26

A guy working for the OECD has published a paper that says the possibility a virtual currency could be made illegal erodes confidence in it's capability of storing value. He goes on to say his views are not necessarily the OECD's. He's talking rubbish and the OECD shouldn't let him publish papers like that if they don't reflect its views.

http://cointelegraph.com/news/115540/oecd-discussing-possible-bitcoin-illegality-is-mutually-damaging

Quote
Footnote 35 goes on to say:

"Even if a virtual currency is not declared illegal, discussing the possibility that a currency could be made illegal damages the mutual confidence in the future value of the virtual currency that is necessary for both parties to a transaction to regard it as serving as a store of value."

A bold claim especially when not put in a broader and greater context. Perhaps the OECD forgot to consult the European Union?
crazyivan
Legendary
*
Offline Offline

Activity: 1484


DMD Diamond Making Money 4+ years! Join us!


View Profile
November 03, 2015, 04:05:45 PM
 #27

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.

What do you think about this? They banned bitcoin because 1 kidnapping case, while there are many kidnapping case with their fiat, or is it just a reason to ban bitcoin in taiwan.
Bitcoin adoption is taiwan is really good, and shows big potential. But now bitcoin has been banned Sad

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/


Who cares about Taiwan. Not really that important market and I m also sure they ll change their opinion soon. As BTC grows stronger, I highly doubt any country can afford to stay out.

RealBitcoin
Hero Member
*****
Offline Offline

Activity: 854


JAYCE DESIGNS - http://bit.ly/1tmgIwK


View Profile
November 03, 2015, 05:06:32 PM
 #28

Thats your "democracy" folks! Cheesy

Politicians will just do whatever they want and dont care about what the sheeple voters want.

7788bitcoin
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 03, 2015, 05:13:32 PM
 #29

Many of the kidnappers in Taiwan asked for NT$ for ransom as well... are they going to make it illegal soon?

.MOYΛ NETWORKS.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀  ▀▀  ▀▀▀▀  ▀▀
                    ▄▄█████▄
                 ▄███████████▄
               ▄██████████████
             ▄█████▀▀   ▀█████             ▄▄▄▄▄             ▄▄
           ▄████▀        █████          ▄████████▄         ▄██▀
         ▄████▀          ████         ▄████▀▀▀▀███      ▄███▀
       ▄████▀           ▄████       ▄████▀     ████  ▄████▀
      ▄███▀             █████     ▄████▀        ███████▀
     ▄███▀              █████   ▄████▀           ▀███▀
    ███▀                ▀████▄█████▀
  ▄███▀                  ▀██████▀▀
 ███▀                      ▀▀▀▀
███▀
MOYANWHITEPAPERMOYAN
.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
...FACEBOOK     TWITTER     LINKEDIN...
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
croato
Hero Member
*****
Offline Offline

Activity: 532


1B3aVyPM9ttc8wAQ9KdYKQwvkcKAbbxRA6


View Profile
November 03, 2015, 06:47:15 PM
 #30

Taiwan gov wanted to ban Bitcoin and this ransom is only (bad) excuse. Nothing new, goverments are corrupted and who knows what is real reason to they decide that. Sure they would not aknowledge that bankers want btc weak there and pay them to ban it, so they use realy shitty excuse.
bitcoinbettingtips
Full Member
***
Offline Offline

Activity: 121


View Profile
November 03, 2015, 07:10:32 PM
 #31

Taiwanese can still buy the bitcoin in foreign exchanges. The ownership of bitcoin is not banned in Taiwan.

If it is total ban, the economy in Taiwan will suffer in the next few years. Bitcoin and Blockchain is the driving force behind a new economy.
electronicfactura
Hero Member
*****
Offline Offline

Activity: 714


View Profile
November 03, 2015, 07:16:36 PM
 #32

Taiwanese government will by itself lift the ban in future.It is a childish act to stop growing and popularity of bitcoin.Actually the government is afraid as it is a big step towards blockchain technology which will make all spending transparent so from now they tried to stop bitcoin as act of preventive but they can't realize now no ban will be helpful as it too late to stop it.
prodigy8
Hero Member
*****
Offline Offline

Activity: 532


ESCROW


View Profile
November 03, 2015, 07:19:21 PM
 #33

Well if they declared illegal because of that kidnapping,
Then maybe they are right, because they think that will stop this phenomenon.
But in generally soon they will update it to a legal coin for sure.
Masta Splint
Newbie
*
Offline Offline

Activity: 6


View Profile
November 03, 2015, 07:32:47 PM
 #34

This is so dumb, just because of a ransom demand made in bitcoin they make it illegal. Yea its harder to track then normal currency like the U.S. dollar but come on! How many kidnappers really are going to go through the trouble of using bitcoin for ransom? When someone kidnaps some else and holds them for ransom, I assume they want to get there payment asap and get the hell out of town before getting caught. Most people dont have any idea what bitcoin really is still nevermind having enough bitcoin to pay ransom or know where to go to get bitcoin if needed for a ransom. Are they going to ban all other currencies as well and just make everyone use credit cards or something from now on? Maybe they should just get rid of all money and currency all together and just make everything in life free. Then theres no need for anyone to be held for ransom.
ebliever
Legendary
*
Offline Offline

Activity: 1386


View Profile
November 03, 2015, 07:51:21 PM
 #35

So let's say that tomorrow a Taiwanese kidnapper seizes someone and demands a bitcoin ransom. What are the authorities going to do, say "You can't do that! Bitcoin is against the law!"

Then again maybe this is a brilliant tactic. Because the kidnappers just might die laughing at the government's response.

Luke 12:15-21

Ephesians 2:8-9
xhoneyael
Sr. Member
****
Offline Offline

Activity: 462

www.AntiBitcoinTalk.com


View Profile WWW
November 03, 2015, 08:17:02 PM
 #36

it easy for them to ban it because goverment didnt get anything from bitcoin like tax they will not loss anything if they ban it or not
second is the anonymity of bitcoin will make them more work to trace it
or even impossible for them to solve the cases if bitcoin will be use in illegal things in their country

AltcoinInvestor
Sr. Member
****
Offline Offline

Activity: 294



View Profile
November 03, 2015, 08:22:57 PM
 #37

That is ironic how communist china didn't even declare bitcoin illegal and Taiwan is the one punishing capitalists.
countryfree
Legendary
*
Offline Offline

Activity: 1666

Your country may be your worst enemy


View Profile
November 03, 2015, 11:34:41 PM
 #38

If next time, kidnappers ask a ransom in US $, will Taiwan ban that currency. This is stupid, and it's sad because Taiwanese are smart, educated hard working people. BTC had huge opportunities in Taiwan, so I hope this will not pass into law.

Russia did it, but most Russians are poor and uneducated, Taiwan deserves better.
VirosaGITS
Hero Member
*****
Offline Offline

Activity: 910


Want to save $? Use Coupon Code VOFF5 at GPUShack


View Profile
November 03, 2015, 11:48:33 PM
 #39

If next time, kidnappers ask a ransom in US $, will Taiwan ban that currency. This is stupid, and it's sad because Taiwanese are smart, educated hard working people. BTC had huge opportunities in Taiwan, so I hope this will not pass into law.

Russia did it, but most Russians are poor and uneducated, Taiwan deserves better.

They are obviously using it as an excuse to ban it. It does not matter if the citizens are smart and educated. If the governments don't want Bitcoin to undercut their earnings, they will ban it. =/

Ethereum Mining Calculator - Simple, elegant, mobile-friendly Ethereum Mining Profitability Calculator
gpuShack mining hardware - Your one stop shop for all GPU mining related hardware! Use Coupon Code VOFF5 to save on any order.
ethOS - #ethosdistro on freenode - linux distro that mines Ethereum out-of-the-box.
Slark
Legendary
*
Offline Offline

Activity: 1358



View Profile
November 03, 2015, 11:57:00 PM
 #40

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.

What do you think about this? They banned bitcoin because 1 kidnapping case, while there are many kidnapping case with their fiat, or is it just a reason to ban bitcoin in taiwan.
Bitcoin adoption is taiwan is really good, and shows big potential. But now bitcoin has been banned Sad

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/

Do they plan to ban alcohol, guns, knives and coffee too? After all it is all harmful for your body.
This decision is so immature on so many levels that I can't even express my thoughts.
Bitcoin will now be underground payment method. Way to go Taiwan!

Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!