i heard bitcoin illegal in Taiwan...why?

[mynameisdon]

yesterday i heard that using of bitcoin illegal in Taiwan i don't guess why in some country its legal and in some like Taiwan is illegal?

[1715214661]

1715214661

[1715214661]

1715214661

[1715214661]

1715214661

[SFR10]

The usage of BTCitcoin differs just like each country has it's set of rules. You could see everything here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country and also here (go to the end): http://www.europarl.europa.eu/RegData/bibliotheque/briefing/2014/140793/LDM_BRI(2014)140793_REV1_EN.pdf Basically it's not completely illegal in Taiwan and their looking to regulate it in the future however BTCitcoin ATMs were not allowed to be installed and any deals that directly involves banks are forbidden but users could pay each other in BTCitcoin.

[dollarneed]

really?? i found this article
http://www.coindesk.com/bitcoin-taiwan-retail-familymart/
what's the truth legal or illegal using bitcoin in taiwan?
to be honest i'm very gratefull due to the regulation in my country that never banned bitcoin, even thought The government has stated that the bitcoin is not  currency or legal payment in our country but we can still trade it like stock as like as gold,oil etc

[Herbert2020]

really?? i found this article
http://www.coindesk.com/bitcoin-taiwan-retail-familymart/
what's the truth legal or illegal using bitcoin in taiwan?
to be honest i'm very gratefull due to the regulation in my country that never banned bitcoin, even thought The government has stated that the bitcoin is not  currency or legal payment in our country but we can still trade it like stock as like as gold,oil etc

exactly, so far no country that i know of has banned bitcoin. you can still use bitcoin, buy and hold it.
they just don't want to see it be used as a payment method in the businesses and that is because they have not set rules for its regulation and taxes.

[n0ne]

yesterday i heard that using of bitcoin illegal in Taiwan i don't guess why in some country its legal and in some like Taiwan is illegal?

Some countries feel it may cause some economical imbalance as it is a digital currency. Because of this various countries are implementing various regulations within their country so to avoid the usage of bitcoin.

[lottery248]

AFAIK someone ransomed people to gain bitcoins.
the source was investigated in taiwan. as they believe the bitcoin in Taiwan could be very susceptible to the darknet rise, they banned it instead of improving.

[tobacco123]

I think there was a recent presidential election and the winner is from the other political party. Maybe there are some changes in the regulations? Any formal statement from the government of Taiwan??

[calkob]

To me a government banning bitcoin is a sure sign that you live in a corrupt government that are obviously in the pocket of the banksters 

[Amph]

in bangladesh they will arrest you, if you get caught doing some transaction in bitcoin, so it's even worse there

but despite this there are still those who can trade without problem

[n0ne]

in bangladesh they will arrest you, if you get caught doing some transaction in bitcoin, so it's even worse there

but despite this there are still those who can trade without problem

Bangladesh is in the list of top growing countries of the world. The Government might be feeling such digital currency usage will do harm to their growth.
That might be the reason for the very strict reason to avoid usage of bitcoins.

[kyrios_]

AFAIK there was an kidnapping incident involving Bitcoin, from there they started thinking about how to regulate Bitcoin. But last I heard after some discussion was that it wasn't banned

[Newcoins2020]

yesterday i heard that using of bitcoin illegal in Taiwan i don't guess why in some country its legal and in some like Taiwan is illegal?

Some countries feel it may cause some economical imbalance as it is a digital currency. Because of this various countries are implementing various regulations within their country so to avoid the usage of bitcoin.

Yes they think the bitcoin will destroy their economy because the bitcoin is growing so fast and the price of a bitcoin is pretty high, leaders of some country's are scared because of this.

I think they just have to accept this because there is no way back the bitcoin will be the winner at the end.

[kyrios_]

yesterday i heard that using of bitcoin illegal in Taiwan i don't guess why in some country its legal and in some like Taiwan is illegal?

Some countries feel it may cause some economical imbalance as it is a digital currency. Because of this various countries are implementing various regulations within their country so to avoid the usage of bitcoin.

Yes they think the bitcoin will destroy their economy because the bitcoin is growing so fast and the price of a bitcoin is pretty high, leaders of some country's are scared because of this.

I think they just have to accept this because there is no way back the bitcoin will be the winner at the end.

I don't think the price matters or Bitcoin itself. it's the idea of a new monetary system that is free from control. this is what spooks governments. governments control over a country is through a few areas and the financial sector is a major one

[bitcerto]

When these countries ban bitcoin, what's to stop eveyone from throwing their hands in the air and saying, "fuck it, let's go buy dogecoin" or whatever.

Of course, there's always the problem of enforcement. How do you ban something that's inherently subversive?

[~Bitcoin~]

in bangladesh they will arrest you, if you get caught doing some transaction in bitcoin, so it's even worse there

but despite this there are still those who can trade without problem

Bangladesh is in the list of top growing countries of the world. The Government might be feeling such digital currency usage will do harm to their growth.
That might be the reason for the very strict reason to avoid usage of bitcoins.

but they are supporting payza like service from few years so i think the governement fear more about cryptocurrency outdating digital currency they are supporting.

[hasiramasenju]

yesterday i heard that using of bitcoin illegal in Taiwan i don't guess why in some country its legal and in some like Taiwan is illegal?

i'm not surprised that in some countries bitcoin illegal and maybe taiwan also one of them because government can't control bitcoin users and my guess is that's why bitcoin illegal in taiwan

[bob123]

As long as their Government sees it as a harm to their economy i dont think this will change in the near future

[Hirose UK]

really?? i found this article
http://www.coindesk.com/bitcoin-taiwan-retail-familymart/
what's the truth legal or illegal using bitcoin in taiwan?
to be honest i'm very gratefull due to the regulation in my country that never banned bitcoin, even thought The government has stated that the bitcoin is not  currency or legal payment in our country but we can still trade it like stock as like as gold,oil etc

exactly, so far no country that i know of has banned bitcoin. you can still use bitcoin, buy and hold it.
they just don't want to see it be used as a payment method in the businesses and that is because they have not set rules for its regulation and taxes.

I think so. there are still many country doesn't accept bitcoin as the payment like fiat currency. maybe because the exustance of bitcoin is not known by all of people yet

[Mumbeeptind1963]

Oh if thats real. I think they banned it because many of the taiwanese use it in illegal ways like buying drugs and weapons or bombs against their country

[socks435]

i never heard this news.. but i think more countries bitcoin is not legal thats why bitcoin is still not increase more value.. but if they see more countries and store are accepting bitcoin maybe bitcoin for most countries will accept bitcoin as legal..