Bitcoin Forum
May 08, 2024, 02:28:06 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: [2014-1-6] Taiwanese government disallows Bitcoin ATM installation  (Read 1754 times)
AnhBen (OP)
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile WWW
January 06, 2014, 03:59:15 AM
 #1

Taiwanese government disallows Bitcoin ATM installation. So Asia is not as friendly as EU and the US after all. What do you think?

http://kculshare.com/2014/01/taiwanese-government-disallows-bitcoin-atm-installation

Twitter @iKcul
Best news agg: http://KculShare.com
XPM: AVmbdubJMrEDBgpvxaXGTqtdB8C2CRSk7f
1715135286
Hero Member
*
Offline Offline

Posts: 1715135286

View Profile Personal Message (Offline)

Ignore
1715135286
Reply with quote  #2

1715135286
Report to moderator
1715135286
Hero Member
*
Offline Offline

Posts: 1715135286

View Profile Personal Message (Offline)

Ignore
1715135286
Reply with quote  #2

1715135286
Report to moderator
1715135286
Hero Member
*
Offline Offline

Posts: 1715135286

View Profile Personal Message (Offline)

Ignore
1715135286
Reply with quote  #2

1715135286
Report to moderator
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
January 06, 2014, 04:22:11 AM
 #2

Morons with lack of foresight driving their country off a cliff.  Taiwan will now start stagnating and undo all the economic progress they worked so hard to achieve during the 20th century.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2348


Eadem mutata resurgo


View Profile
January 06, 2014, 06:13:35 AM
 #3

Is there an ATM in the USA ... I dont think so ... there 2-3 in Canada.

Maybe the USA is twisting the Taiwanese arm on this one (never dare to do that with Canada Wink)?

bryant.coleman
Legendary
*
Offline Offline

Activity: 3654
Merit: 1217


View Profile
January 06, 2014, 08:12:32 AM
 #4

They have already installed one in Hong Kong. So Taiwan's loss is Hong Kong's gain. Let's focus on the good news!
bitfromit
Sr. Member
****
Offline Offline

Activity: 329
Merit: 250


View Profile
January 06, 2014, 08:23:07 AM
 #5

Tyranny meter flashing red once again.
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1010


In Satoshi I Trust


View Profile WWW
January 06, 2014, 10:17:36 AM
 #6

they should get some lawyers. when its no currency, they cant forbid this. we have to fight.

Buffer Overflow
Legendary
*
Offline Offline

Activity: 1652
Merit: 1015



View Profile
January 06, 2014, 10:43:31 AM
 #7

If Bitcoin is not a currency, how are these different from any other vending machine?


n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
January 06, 2014, 03:49:35 PM
 #8

If Bitcoin is not a currency, how are these different from any other vending machine?

Excellent point which would settle the entire argument.  But I guess, as with most bureaucrats worldwide, logic and lack of bias are not exactly a priority for them when making decisions, they just care about not getting blamed down the road or upsetting their cozy racket.  And I assume that in Taiwan there is no unbiased logic-loving legal system to which the decision could be appealed.
 
kjlimo
Legendary
*
Offline Offline

Activity: 2086
Merit: 1031


View Profile WWW
January 06, 2014, 05:24:40 PM
 #9

They have already installed one in Hong Kong. So Taiwan's loss is Hong Kong's gain. Let's focus on the good news!

My chances of visiting Honk Kong increase by 1% and chances of visiting Taiwan decrease by 1%...

What they go from and to, who knows, but this captures the directional move.

Coinbase for selling BTCs
Fold for spending BTCs
PM me with any questions on these sites/apps!  http://www.montybitcoin.com


or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
bitcool
Legendary
*
Offline Offline

Activity: 1441
Merit: 1000

Live and enjoy experiments


View Profile
January 06, 2014, 07:44:22 PM
 #10

Can't understand this Taiwanese logic either. Does FSC have the authority regulating vending machines?

Taiwan is supposed to be a democracy and no one on the entire island calls their bluff?
Kenshin
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
January 06, 2014, 07:47:40 PM
 #11

They have already installed one in Hong Kong. So Taiwan's loss is Hong Kong's gain. Let's focus on the good news!

They got one in Hong Kong. That is cool. What I don't understand is why Taiwan got so many vending machines like Japan. But not allowing the installation of Bitcoin ATM. I guess it is their lost. Anyway the Taiwan population isn't that much, so I would worry about it.

It is good that Korea really got into Bitcoin, now that is a country with a bigger population.
TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
January 07, 2014, 04:52:28 PM
 #12

I find this hilarious. Not only is banning something outright useless, but they're lending legitimacy to Bitcoin as a currency by doing so. As mentioned above, if it isn't one - then isn't it just a fancy vending machine? Oh no? Then you think its a currency? Why is that smoke coming out of your ears?

fortitudinem multis - catenum regit omnia
Carlton Banks
Legendary
*
Offline Offline

Activity: 3430
Merit: 3074



View Profile
January 09, 2014, 02:00:28 AM
 #13

Two steps forward, one step back.

It's pretty clear to see that the crytpocurrency phenomenon is spreading more rapidly now than before. Newspapers and news studios have frequent items on bitcoin. It's just refusing to be ignored.

And all this Taiwan development proves is governments don't know "what to do". Even now. Because they know they should be responding somehow; it threatens so much corrupt corporations they've lived with in symbiosis, as it also threatens their own place in the world.

But there's nothing they can do, other than accept it.

Vires in numeris
qiwoman
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250



View Profile
January 09, 2014, 04:04:39 AM
 #14

I just don't understand it with these Govts. They want to increase their national GDP but they are thwarting that growth by not letting Bitcoin bring in and generate new wealth in their economies. I suspect they are doing this to Appease China and that is just my 2 bit.
Buffer Overflow
Legendary
*
Offline Offline

Activity: 1652
Merit: 1015



View Profile
January 09, 2014, 08:22:31 AM
 #15

But there's nothing they can do, other than accept it.

Chinese government has done a pretty good job of not accepting it. Any over government can easily follow suit.

LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1010


In Satoshi I Trust


View Profile WWW
January 09, 2014, 12:06:42 PM
 #16

But there's nothing they can do, other than accept it.

Chinese government has done a pretty good job of not accepting it. Any over government can easily follow suit.


thats true. lets be realistic.

Carlton Banks
Legendary
*
Offline Offline

Activity: 3430
Merit: 3074



View Profile
January 09, 2014, 02:04:06 PM
 #17

But there's nothing they can do, other than accept it.

Chinese government has done a pretty good job of not accepting it. Any over government can easily follow suit.


Any government can be heavy handed, of course, but they'll never stop bitcoin trading entirely. The more illegal it becomes, the more valuable that one bitcoin will be. Like I said, the supreme irony is that people in government and finance will be especially attracted to be amongst the people who flout any ban, and this will be the case in China, Taiwan and anywhere else you care to mention.

Vires in numeris
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
January 09, 2014, 05:23:30 PM
 #18

Well that's a bad idea, but I presume it will only be a matter of time before they change their mind

Believing in Bitcoins and it's ability to change the world
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2348


Eadem mutata resurgo


View Profile
January 11, 2014, 03:12:05 AM
 #19

But there's nothing they can do, other than accept it.

Chinese government has done a pretty good job of not accepting it. Any over government can easily follow suit.


Because the whole world would be a better place if we had authoritarian communist rule and Tianem-square like massacres ...

medicine
Hero Member
*****
Offline Offline

Activity: 697
Merit: 501



View Profile WWW
January 11, 2014, 12:40:58 PM
 #20

I am really looking froward to seeing bitcoin ATM in every country in the future.  I really want to bring one to Korea myself, but we need clarification and regulation from the government before anyone can take the risk. 
Just gotta keep educating people and let that bitcoin snowball continue snowballing.  Thanks for the post.
Peace
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!