[2017-10-06] Taiwan friendly towards Bitcoin and ICOs

InvoKing

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✋(▀Ĺ̯ ▀-͠ )

Quote

We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities.

It is a normal and logic action from Taiwan, same action should be seen in Hong-Kong too tho.

There is a nice picture in the article

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Kemarit on October 06, 2017, 10:14:12 AM

Of course they will be friendly because their so called "brothers" took a step backward towards bitcoin. But we like what we are hearing from the government. If they remain friendly then we will see them as another force to reckon in the Asia region with Japan and South Korea. And maybe this could also have a political effect. The Mainlanders will definitely go there because we all know that the Chinese bitcoin community is one of the largest if not the largest active bitcoin community in terms of investing in ICO and trading before the unfaithful decision of their government. This is huge for the ecosystem, if hundreds of Chinese investors and traders suddenly flock to Taiwan and do their bitcoin activity there.

I've said it many times when people were asking "what if the world bans BTC?" The world never acts as one body, when some people see failure or threat others see an opportunity. If one country starts banning BTC another one will come up with a way to profit from it. China and Japan were great examples of this, up until today when I've read about Taiwan. They are producing so much electronics that if they started following Japan in their attitude towards BTC we could have another huge boom.

Kemarit

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Of course they will be friendly because their so called "brothers" took a step backward towards bitcoin. But we like what we are hearing from the government. If they remain friendly then we will see them as another force to reckon in the Asia region with Japan and South Korea. And maybe this could also have a political effect. The Mainlanders will definitely go there because we all know that the Chinese bitcoin community is one of the largest if not the largest active bitcoin community in terms of investing in ICO and trading before the unfaithful decision of their government. This is huge for the ecosystem, if hundreds of Chinese investors and traders suddenly flock to Taiwan and do their bitcoin activity there.

DowBit

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According to Taiwan’s Financial Supervisory Commision, the regulator will adopt a friendly stance towards cryptocurrencies. Wellington Koo, Commision chairman has expressed that Taiwan will not follow China’s and South Korea and ban or harshly regulate ICOs.

Taiwan’s financial regulator promised to create a friendly legislative ecosystem to support the development and adoption of cryptocurrencies and blockchain technology. Taiwan is a country optimistic towards new technologies, especially FinTech. The ruling party has adopted a deregulatory stance to promote FinTech research and development.

Whole article: https://dowbit.com/taiwan-friendly-towards-bitcoin-and-icos/

Topic: [2017-10-06] Taiwan friendly towards Bitcoin and ICOs (Read 1666 times)