News
Taiwan legislator Ko Ju-Chun proposed allocating a small percentage of the Taiwanese reserves to Bitcoin as part of the diversified reserve strategy.
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Taiwan News
Taiwan is a state in East Asia that is mostly located on the island of Taiwan. The official name of the state is the Republic of China, and this country claims to have the right of ruling the whole Chinese territory that was lost by the Republic of China after the Chinese Civil War with communists. Taiwan’s speed of economic growth made it one of the “Four Asian Tigers” — countries with a miraculous speed of economic development. Taiwan is a dynamic, capitalistic and a high-tech, free-market economy. However, Taiwan has some Bitcoin regulations. Taiwan banned Bitcoin ATMs and explained it as a countermeasure against Bitcoin usage as a currency for bank payments. Taiwan has no regulations on Bitcoin exchanges, Bitcoin is accepted at three of the four major convenience store chains. Taiwan also does not restrict mining of any cryptocurrencies nor cryptocurrency trading.
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Taiwan accelerates its crypto AML mandate, imposing stricter registration rules and penalties for noncompliance.
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Chinese chip manufacturer Xiamen Sophgo denied having any business relationship with Huawei after being cut off by Taiwan Semiconductor Manufacturing Company.
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Taiwan’s Financial Supervisory Commission reportedly plans to start collecting applications from institutions interested in trialing Bitcoin custody services in the first quarter of 2025.
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The Taiwanese FSC has released new Anti-Money Laundering laws that will replace its current regulations and require full compliance of VASPs.
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Taiwan’s FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
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The company is now worth more than Broadcom and closing in on Meta.
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The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.
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Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it.
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Tether partners with Taipei University to advance blockchain and digital asset education, aiming to equip students with essential knowledge and skills.
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A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.
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The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison.
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Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud.
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Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance.
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According to the prosecutors, the scale of losses justifies the sentence recommendation.
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