Bitcoin Forum
July 22, 2018, 02:10:14 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin Banned in Taiwan after Billionaire BTC Ransom Attempt  (Read 352 times)
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1358
Merit: 1089


Hire BOUNTYPORTALS>Bounty management goo.gl/XKv9TK


View Profile
November 03, 2015, 07:15:27 PM
 #1

Just days after a Hong Kong tycoon was kidnapped, beaten, and held for millions of dollars in Bitcoin in ransom by criminals, the Financial Supervisory Commission (FSC) Chairman of Taiwan, Tseng Ming-chung, has made a ruling. Bitcoin is now illegal within Taiwan.


Article : http://cointelegraph.com/news/115538/bitcoin-banned-in-taiwan-after-billionaire-bitcoin-ransom-attempt

I can't say I didn't expect this when I first read that the billionaire got kidnapped few days ago , it was obvious that this is going to happen honestly , I'm not sure how Taiwan is into Bitcoin but I guess we just lost the chance to bring bitcoin to at least few hundreds/thousands from the 23,46 million citizen (their population) . What do you guys think ?

1532225414
Hero Member
*
Offline Offline

Posts: 1532225414

View Profile Personal Message (Offline)

Ignore
1532225414
Reply with quote  #2

1532225414
Report to moderator
1532225414
Hero Member
*
Offline Offline

Posts: 1532225414

View Profile Personal Message (Offline)

Ignore
1532225414
Reply with quote  #2

1532225414
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
shorena
Copper Member
Legendary
*
Offline Offline

Activity: 1470
Merit: 1236


No I dont escrow anymore.


View Profile WWW
November 03, 2015, 07:19:26 PM
 #2

Just days after a Hong Kong tycoon was kidnapped, beaten, and held for millions of dollars in Bitcoin in ransom by criminals, the Financial Supervisory Commission (FSC) Chairman of Taiwan, Tseng Ming-chung, has made a ruling. Bitcoin is now illegal within Taiwan.


Article : http://cointelegraph.com/news/115538/bitcoin-banned-in-taiwan-after-billionaire-bitcoin-ransom-attempt

I can't say I didn't expect this when I first read that the billionaire got kidnapped few days ago , it was obvious that this is going to happen honestly , I'm not sure how Taiwan is into Bitcoin but I guess we just lost the chance to bring bitcoin to at least few hundreds/thousands from the 23,46 million citizen (their population). What do you guys think ?

Hilarious. Declaring bitcoin illegal will only result in more criminal use, not less. Honest citizen will stop using bitcoin, which will only leave the criminals using it.
prodigy8
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


ESCROW


View Profile
November 03, 2015, 07:25:50 PM
 #3

I think that they will correct the mistake what they did.
Why don't they ban dollar if a kidnapper require from them?
I think it it not for bitcoin, but hopefully a large amount of coins are in china.
ajareselde
Legendary
*
Offline Offline

Activity: 1694
Merit: 1000

Satoshi is rolling in his grave. #bitcoin


View Profile
November 03, 2015, 07:27:30 PM
 #4

I was afraid something like this is going to happen when i was reading about the kidnaping the first time. One might say that you could just as same ban every currency
that people use in illegal activities, but bitcoin is specific due to it's anonymity, and a step to resolving abuse of that power should be made.
Anonymity is a double edged sword it seams, but in this case i would prefer if they made exception on bitcoin users who have verified accounts on exchanges and have no problem in revealing addresses they own/use.
pedrog
Legendary
*
Offline Offline

Activity: 1876
Merit: 1005



View Profile
November 03, 2015, 07:33:11 PM
 #5

That is pretty stupid, that doesn't from someone doing the exact same thing in the future, and what have they done when the ransom was in US dollars, gold or whatever currency they use in Taiwan?

Sometimes I think the people with power are the most stupid among us...

Pages: [1]
  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!