[BADecker]

Just remember, nothing is ever made illegal.

1. Only certain people declare a thing to be illegal. Usually they do it for their own advantage in some way.

2. When something is made illegal, what is really happening is that people are being limited. If you like limitations, simply limit yourself. Don't take my freedom away by limiting me.

This is human evolution:



It makes you wonder...

It is probably hard for people to protest and get BTC legalized, as they would fear getting labeled as Criminal partisans.

Basically a lot of FUD is being spread as Bitcoin being a criminal's money, even though in reality BTC does not even have 1% of the market cap being used in criminal transactions.

Considering how oblivious the masses are to the facts, truth and just plainly what Bitcoin is in the first place, i don't see mass protestation really happening. =/

This is a problem for everyone because letting a country making BTC illegal create precedents for other Governments to use against Bitcoin.

Why would you want Bitcoin or anything else legalized? Legalization takes away freedom.

Let government get their thieving fingers off everything, and get rid of both, legalization and illegalization... SO WE CAN BE FREE.

[1713577605]

1713577605

[BADecker]

Just remember, nothing is ever made illegal.

1. Only certain people declare a thing to be illegal. Usually they do it for their own advantage in some way.

2. When something is made illegal, what is really happening is that people are being limited. If you like limitations, simply limit yourself. Don't take my freedom away by limiting me.

This is human evolution:



It makes you wonder...

It is probably hard for people to protest and get BTC legalized, as they would fear getting labeled as Criminal partisans.

Basically a lot of FUD is being spread as Bitcoin being a criminal's money, even though in reality BTC does not even have 1% of the market cap being used in criminal transactions.

Considering how oblivious the masses are to the facts, truth and just plainly what Bitcoin is in the first place, i don't see mass protestation really happening. =/

This is a problem for everyone because letting a country making BTC illegal create precedents for other Governments to use against Bitcoin.

If it wasn't illegal to start your own open money system, fiat would have perished long ago. Get rid of illegalization of everything so that we can be free. The only advantage might be that now we have Bitcoin, where we might not otherwise. However, without illegalization of private money by government, we might have something way better than Bitcoin by now.

[Amph]

Just remember, nothing is ever made illegal.

1. Only certain people declare a thing to be illegal. Usually they do it for their own advantage in some way.

2. When something is made illegal, what is really happening is that people are being limited. If you like limitations, simply limit yourself. Don't take my freedom away by limiting me.

This is human evolution:

snip

It makes you wonder...

It is probably hard for people to protest and get BTC legalized, as they would fear getting labeled as Criminal partisans.

Basically a lot of FUD is being spread as Bitcoin being a criminal's money, even though in reality BTC does not even have 1% of the market cap being used in criminal transactions.

Considering how oblivious the masses are to the facts, truth and just plainly what Bitcoin is in the first place, i don't see mass protestation really happening. =/

This is a problem for everyone because letting a country making BTC illegal create precedents for other Governments to use against Bitcoin.

Why would you want Bitcoin or anything else legalized? Legalization takes away freedom.

Let government get their thieving fingers off everything, and get rid of both, legalization and illegalization... SO WE CAN BE FREE.

one thing i can think about would be to increase adoption among those that want to use it only if regulated, and i want assure you that "those" are the vast majority of the population

[xuan87]

well for me it is been a little been absurd that because of the kidnapping case the currency being banned,

but i can also understand that this kind of government thinking

yes bitcoin has been label as illegal currency, money laundry currency and other because of the anonymous,

but i think government can think other ways than banning Bitcoin, because bitcoin has a potential become global currency

[jbreher]

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.

As I said on an earlier thread on this topic: I don't know anything about the Taiwanese legal structure. I have however directly witnessed instances where 'the cryptocurrency press' had not gotten the story quite right.

In Taiwan, does the chair of the FSC have the authority to enact law by simple proclamation?

[Bitcoinpro]

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.

As I said on an earlier thread on this topic: I don't know anything about the Taiwanese legal structure. I have however directly witnessed instances where 'the cryptocurrency press' had not gotten the story quite right.

In Taiwan, does the chair of the FSC have the authority to enact law by simple proclamation?

if its like Singapore for starters they would try assasination,, f they do go for an arrest

u would need to know the language of the police officers ( not relevant if ur a local)

when they try to arrest u, typically they will go for an arrest if u have had some drinks and

after they have had the chance  to get someone to spike ur drink,, once ur in Jail in one

of these countries ur really really fked they can ban ur bank accounts refuse access to

bail lawayers etc, even the lawyers are corrupt,  so take a Taiwan Ban as complete #&%

#&%%#%&%&%&% !!!!!!!

[jbreher]

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.

As I said on an earlier thread on this topic: I don't know anything about the Taiwanese legal structure. I have however directly witnessed instances where 'the cryptocurrency press' had not gotten the story quite right.

In Taiwan, does the chair of the FSC have the authority to enact law by simple proclamation?

if its like Singapore for starters they would try assasination,, f they do go for an arrest

u would need to know the language of the police officers ( not relevant if ur a local)

when they try to arrest u, typically they will go for an arrest if u have had some drinks and

after they have had the chance  to get someone to spike ur drink,, once ur in Jail in one

of these countries ur really really fked they can ban ur bank accounts refuse access to

bail lawayers etc, even the lawyers are corrupt,  so take a Taiwan Ban as complete #&%

#&%%#%&%&%&% !!!!!!!

That's all nice, I guess, but I can't see how that answers my question. Neither does it dispel my suspicion that this is a false rumor.

[Blawpaw]

nah! they won't turn illegal! it would be a huge mistake.

[Rubberduckie]

why would taiwan care? my buddy went to visit about 10 years ago and
said under age whore houses were everywhere and no one cared. But they
are gonna take a stance on digital currency? lol

[RealBitcoin]

why would taiwan care? my buddy went to visit about 10 years ago and
said under age whore houses were everywhere and no one cared. But they
are gonna take a stance on digital currency? lol

Local things dont matter in their eyes. But bitcoin is international stuff with much media coverage. Plus it might annoy a few banks there.

If the banks have control over politicians there, and they fear bitcoin, they will ban it.

[Bit_Happy]

Any time I see that a country has banned Bitcoin, I actually go and look at what really happened and it is some entity without the authority to make anything illegal or they are merely "banning Bitcoin from their banking system".
Something tells me that the chairman of the Financial Supervisory Commission of Taiwan likely cannot unilaterally pass laws.

These types of things also give a glimpse into how closely tied the central banks are to many governments in the world.

Exactly, there is a huge difference between "banning Bitcoin from their banking system" and actually trying to throw people in jail for connecting to a Bitcoin wallet.

[zivone]

Another news putting bitcoin into bad light. It will attract more criminals to use bitcoin.

[oblivi]

They are putting their feet on their grave with this since they are denying a huge booming economy to take part on their country. These clowns will learn the hard way.

[Blind Legs Parker]

This decision  is already history, people. The government has already backed off. It was all absurd news relayed by absurd media.

why would taiwan care? my buddy went to visit about 10 years ago and
said under age whore houses were everywhere and no one cared. But they
are gonna take a stance on digital currency? lol

That was Thailand. But thank you for spreading false rumors about Taiwan anyway :-/

[BitNerd]

The state wants to keep taxing (stealing) people, and BTC prevents that they do so as efficiently.

[Blind Legs Parker]

Taiwanese government is already failing bigtime at successfully taxing the people right now. But yeah who knows.

I call traditionalism as the reason why the government (and the people) are sceptical about bitcoin and sensationalism as the reason why media circles made the news about it becoming illegal that big.

[Kakmakr]

Who can stop you from collecting Bitcoin and spending it in another country, or better yet, relocating to another country when it does get banned? The media are such a attention whore, and they will jump on the first rumor and sell it as fact within the first hour.

Until Taiwan make a public statement about matters like this, you have to take everything as Media Fud. 

[quentincole32]

i dont think that this is a legal news,some news also declared its a fake news,but anyway,bitcoin is still have place on asian country.
bitcoin may illegal,but they (goverment) can stop people for use bitcoin.

[neochiny]

ofcourse it is the right move for them becasue
after the they gave the ransom money in bitcoin
they have no way of finding on where the money will go.
i mean if its in fiat they will still try to track it down.
but if its in bitcoin the suspect can just send it on a
different wallet in small amounts to avoid suspicion.
theyre just cautious that this kind of way may happen
again.

[Blind Legs Parker]

@quentincole32: It never was really clear but anyway the news was largely broadcasted all over the most prominent media in Taiwan. That's what matters, imo.

But anyway, the guy (Zeng Mingzong) allegedly merely repetead what was already known and was already law in Taiwan, i.e. bitcoin doesn't have any legal status (so what): http://www.cbc.gov.tw/ct.asp?xItem=43531&ctNode=302 (I'll let you copy paste it in any internet translation service). And yes, this is the Central Bank of The ROC website so this is official stuff there. It was posted on 2013/12/30. Anyway, bitcoin not being legal stricto sensu in any country shouldn't surprise anyone, should it? Then you add the traditional traditionalism of Taiwanese politics on top and you have it: they apparently couldn't make it illegal (?) but they emphasize that it's not backed off by the government either (and yes, "so what", but you lot reacted didn't you? So did Taiwanese people, and that, my good sirs, is the bad news).