Topic: [2014-1-6] Taiwanese government disallows Bitcoin ATM installation (Read 1777 times)
January 11, 2014, 08:54:15 AM
I personally know few small countries with <6mil peepz in it that have BTC ATM(s), and canada only has 3? :O
January 11, 2014, 07:40:58 AM
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
Just gotta keep educating people and let that bitcoin snowball continue snowballing. Thanks for the post.
Peace
January 10, 2014, 10:12:05 PM
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 ...
January 09, 2014, 12:23:30 PM
Well that's a bad idea, but I presume it will only be a matter of time before they change their mind
January 09, 2014, 09:04:06 AM
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.
January 09, 2014, 07:06:42 AM
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.
January 09, 2014, 03:22:31 AM
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.
January 08, 2014, 11:04:39 PM
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.
January 08, 2014, 09:00:28 PM
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.
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.
January 07, 2014, 11:52:28 AM
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?
January 06, 2014, 02:47:40 PM
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.
January 06, 2014, 02:44:22 PM
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?
Taiwan is supposed to be a democracy and no one on the entire island calls their bluff?
January 06, 2014, 12:24:40 PM
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.
January 06, 2014, 10:49:35 AM
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.
January 06, 2014, 05:43:31 AM
If Bitcoin is not a currency, how are these different from any other vending machine?
January 06, 2014, 05:17:36 AM
they should get some lawyers. when its no currency, they cant forbid this. we have to fight.
January 06, 2014, 03:23:07 AM
Tyranny meter flashing red once again.
January 06, 2014, 03:12:32 AM
They have already installed one in Hong Kong. So Taiwan's loss is Hong Kong's gain. Let's focus on the good news!
January 06, 2014, 01:13:35 AM
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
)?
Maybe the USA is twisting the Taiwanese arm on this one (never dare to do that with Canada
)? January 05, 2014, 11:22:11 PM
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.
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